Odyssey Energy Solutions Procure VI Pvt. Ltd., a subsidiary of Odyssey Energy Solutions, Inc., has successfully secured a €7 million external commercial borrowing (ECB) facility from the Belgian Investment Company for Developing Countries SA (BIO). The legal guidance for this significant transaction was provided by Dua Associates, a prestigious law firm known for its expertise in such corporate dealings.
Dua Associates played a crucial role in the negotiation, finalization, and execution of the transaction documentation, ensuring that all legal aspects were meticulously addressed. The transaction team from Dua Associates was led by Nityashjit Kaur and Prateek Bedi, both partners at the firm, along with Vaibhav Tripathi, a senior associate.
Odyssey Energy Solutions is a prominent climate-tech company and equipment marketplace focused on expediting the deployment of distributed renewable energy projects across India. This ECB facility from BIO is expected to bolster Odyssey’s ability to offer innovative equipment procurement solutions that include embedded credit facilities to engineering, procurement, and construction (EPC) companies, as well as solar developers.
Through this strategic financial initiative, Odyssey aims to enhance its service offerings, thereby supporting the growth and implementation of renewable energy solutions within the Indian market. The collaboration with BIO, a Belgian entity dedicated to supporting sustainable development, underscores Odyssey’s commitment to advancing clean energy solutions.
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