Continuum Green Energy Limited has reached a pivotal agreement with Chubu Electric Power Co., Inc., a leading Japanese power utility. This strategic collaboration involves Chubu Electric, through its affiliate, investing ₹1,350 crore (approximately $145 million) into Continuum Green Energy. The investment will be executed through a combination of primary subscription and secondary acquisition of equity shares.
JSA Advocates & Solicitors played a critical role in advising Continuum Green Energy throughout this significant transaction. The legal team was spearheaded by Partners Rashi Saraf and Vinit Patwari, with essential contributions from Senior Associate Martin Mathews. This transaction is awaiting the customary regulatory approvals, among which includes the nod from the Competition Commission of India.
About Continuum Green Energy
Continuum Green Energy is recognized as a leading entity in India’s renewable energy sector, with a focus on the development, ownership, and operation of large-scale wind, solar, and hybrid energy projects. This latest investment aligns with Continuum’s ongoing strategy to expand its footprint in the renewable energy market.
Earlier in the year, Continuum Green Energy attracted a substantial investment amounting to $67.5 million from Just Climate. This earlier deal was facilitated with the legal expertise of Trilegal and Khaitan & Co.
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