Global law firm Clifford Chance is advising on the international aspects of Vena Group’s sale of its India renewable energy platform to Inox Neo, a subsidiary of Inox Clean Energy and part of the INOXGFL Group.
The platform comprises approximately 1 GW of operational capacity, 1.7 GW (solar and wind) and 1.2 GWh (BESS) of advanced-stage assets, additional 2.7 GW (solar and wind) and 1.3 GWh (BESS) of development pipeline, with long-term power offtake arrangements with leading public-sector and commercial customers, C&I consumers, and state distribution companies.
Vena Group is backed by longstanding client Global Infrastructure Partners, a part of BlackRock. Following completion, Vena Group will focus its resources on the next phase of growth across its strategies, including renewable energy, storage, digital infrastructure and integrated green solutions.
The Clifford Chance team comprises private equity partner Tom Lin, counsel Charmaine Yeo and Winnie Poon, and associates John Wu and Yuqian Zhang, working alongside Cyril Amarchand Mangaldas on Indian law aspects.
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