International law firm Trowers & Hamlins has advised the lenders, MUFG Bank, Ltd. and Sumitomo Mitsui Banking Corporation, in connection with the financing made available to Diyos Renewables India Project Private Limited for the design, construction, development, testing, commissioning, operation and maintenance of a 100 MW AC wind energy generation project in Bijapur, Karnataka, India.
The project represents a significant renewable energy development in India’s growing clean energy sector. Set to be commissioned in 2027, the project is expected to produce around 330 million units of clean energy each year and reduce over 250,000 tonnes of CO₂ emissions, making a significant contribution to India’s goal of achieving 500 GW of renewable capacity by 2030.
Trowers & Hamlins acted as international counsel to the lenders, working alongside Talwar Thakore & Associates as Indian counsel and Coleman Street Chambers as Singapore counsel.
The firm played a pivotal role in supporting lenders and sponsors through a highly complex, cross-border financing structure, providing integrated legal counsel across multiple jurisdictions. This transaction underscores the firm’s enduring commitment to supporting India’s renewable energy ambitions, demonstrating its expertise in orchestrating sophisticated, multi-jurisdictional deals that advance both sustainable growth and energy transition objectives.
Debopam Dutta, Partner and Head – India Desk at Trowers & Hamlins, commented:
“We are proud to have advised MUFG and SMBC on this landmark financing for ACEN India. This transaction not only underscores the accelerating momentum of India’s renewable energy sector but also demonstrates our deep India expertise and the critical value of seamless, cross-border legal collaboration in delivering complex, large-scale energy projects.”
Devesh Khatore, Lead – Project Finance at UPC Renewables India, commented:
"It was a pleasure working with the experienced team of Trowers & Hamlins, who acted as the International Legal Counsel for this landmark transaction. T&H brought great value addition which catalysed the timely closure of this transaction. Our platform with international investors highlights the growing and important need to collaborate with good and reputed international counsels. Glad to have consummated this transaction with T&H."
The Trowers & Hamlins team was led by Debopam Dutta and supported by Phoebe Lim (Senior Associate), Jian-Jie Phang (Associate) and Jerry Wang (Associate).
