TT&A advised DFC in relation to its loan (by way of an ECB) of upto USD 250 million to TP Solar Limited (“Borrower”).

The loan will be used by the Borrower towards the construction and operation of a 4.3 GW solar photovoltaic module and 4.3 GW solar photovoltaic cell manufacturing facility by TP Solar Limited (a Tata group entity) in Tamil Nadu, India, which is expected to contribute to India’s domestic production capability of solar panels, and support as many as 2,300 full-time local jobs (including ensuring that 60 percent of TP Solar’s workforce consists of women over time).

TT&A Team: Gautam Saha- Joint Managing Partner; Ambarish Mohanty and Pallavi Meena – Partners; Farhan Shehab Umar – Senior Associate and Sajjan Singh – Associate