{"id":48438,"date":"2025-05-16T06:00:20","date_gmt":"2025-05-16T06:00:20","guid":{"rendered":"https:\/\/my.legal500.com\/developments\/?post_type=press_releases&#038;p=48438"},"modified":"2025-05-16T06:00:20","modified_gmt":"2025-05-16T06:00:20","slug":"k-law-and-partner-zeeshan-khan-advised-tata-capital-limited-in-relation-to-granting-green-climate-fund-facilities-for-developing-behind-the-meter-solar-power-projects-in-tamil-nadu","status":"publish","type":"press_releases","link":"https:\/\/my.legal500.com\/developments\/press-releases\/k-law-and-partner-zeeshan-khan-advised-tata-capital-limited-in-relation-to-granting-green-climate-fund-facilities-for-developing-behind-the-meter-solar-power-projects-in-tamil-nadu\/","title":{"rendered":"K LAW AND PARTNER ZEESHAN KHAN ADVISED TATA CAPITAL LIMITED IN RELATION TO GRANTING GREEN CLIMATE FUND FACILITIES FOR DEVELOPING BEHIND-THE-METER SOLAR POWER PROJECTS IN TAMIL NADU"},"content":{"rendered":"<p><strong>Krishnamurthy &amp; Co. (K Law)\u00a0advised Tata Capital Limited, as the lenders\u2019 legal counsel, in relation to granting Green Climate Fund facilities for financing the development and setting up of two large-scale behind-the-meter\/ roof-top solar power projects located in Tamil Nadu.<\/strong><\/p>\n<p><!--more--><\/p>\n<p>The Green Climate Fund established under the United Nations Framework Convention on Climate Change is aimed at supporting developing nations in accelerating transformative\u00a0climate\u00a0action by mobilizing funding at scale.<\/p>\n<p>Tata Capital Limited\u2019s cleantech finance arm (formerly Tata Cleantech Capital Limited and now merged with Tata Capital Limited \u2013 the first of its kind green setup financing the clean energy segment using private capital) has been instrumental in connecting global climate funds with renewable energy projects in India.\u00a0Tata Capital Limited was the first private sector entity to partner with the\u00a0Green Climate Fund\u00a0to develop the solar rooftop market in India \u2013 securing a USD 100 Million credit line.<\/p>\n<p>The partnership with the\u00a0Green Climate Fund\u00a0allows Tata Capital Limited to finance various green projects in India including the two roof-top\/ behind-the-meter solar power plants in Tamil Nadu. The projects will be developed by the Indian subsidiaries of a leading European asset management company engaged in acquisition and management\/ operation of energy projects across the world.<\/p>\n<p>The transactions were structured on co-obligor basis amongst the various Indian subsidiaries of the European asset management company and is secured by charge over various project assets and ringfenced by various undertakings from the European parent entity.<\/p>\n<p>K Law structured the two Green Climate Fund facilities and drafted, negotiated, and finalised all the financing and security documents, in addition to advising the lender on various legal and regulatory issues in connection with the two transactions.<\/p>\n<p>The two transactions were led by <strong>Zeeshan Khan<\/strong>\u00a0(Partner) and supported by <strong>Anirban Roy Choudhury<\/strong> (Principal Associate) along with a team of associates.<\/p>\n<p>Taylor Wessing advised Tata Capital Limited as the lender\u2019s foreign legal counsel in Europe and was led by<strong> Hauke Bornschein <\/strong>(Partner).<\/p>\n<p>The Green Climate Fund headquartered in Incheon, South Korea \u2013 a critical element of the historic Paris Agreement \u2013 is the world\u2019s largest climate fund mandated\u00a0to support developing countries. The Paris Agreement, a global climate accord,\u00a0includes provisions for financial support to developing nations, aiming to help them achieve their climate goals through the Green Climate Fund.<\/p>\n","protected":false},"featured_media":0,"template":"","class_list":["post-48438","press_releases","type-press_releases","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/my.legal500.com\/developments\/wp-json\/wp\/v2\/press_releases\/48438","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/my.legal500.com\/developments\/wp-json\/wp\/v2\/press_releases"}],"about":[{"href":"https:\/\/my.legal500.com\/developments\/wp-json\/wp\/v2\/types\/press_releases"}],"wp:attachment":[{"href":"https:\/\/my.legal500.com\/developments\/wp-json\/wp\/v2\/media?parent=48438"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}