Clean Max Secures $124.63M ECB for Karnataka Wind Power Project

RENEWABLES

Overview

Clean Max Tasman Private Limited has secured $124.63 million in external commercial borrowing (ECB) and related credit facilities from a consortium led by BNP Paribas, Sumitomo Mitsui Banking Corporation, and Société Générale. JSA Advocates & Solicitors advised Clean Max Tasman on the transaction. The funds are earmarked for the development of a 140 MW (AC) wind power project located in Karnataka, India, signaling continued investment in the country's renewable energy sector.

Clean Max Tasman Private Limited has closed a significant financing deal, securing $124.63 million through external commercial borrowing (ECB). The company also obtained letter of credit facilities, a standby letter of credit facility, and a bridge LC facility as part of the package.

Banking Consortium

A group of major international banks provided the funding. This consortium includes BNP Paribas, Sumitomo Mitsui Banking Corporation, and Société Générale. Their participation highlights confidence in India's renewable energy infrastructure.

Legal Counsel

JSA Advocates & Solicitors provided legal advisory services to Clean Max Tasman throughout the complex financing transaction. The firm's team included Partner Karan Mitroo, Partner Kartikeya Dubey, and Senior Associate Aditya Bhayal. Their guidance was instrumental in navigating the financial arrangements.

Project Development

The substantial financing is designated for the construction and operation of a new 140 MW (AC) wind power project. This facility will be situated in the southern Indian state of Karnataka. The development is a key step in expanding renewable energy capacity.

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