Siemens’ Power Purchase Agreement with Sunsole Renewables

Veritas Legal advised Siemens on the deal.

Siemens executed a power purchase agreement with Sunsole Renewables and a share subscription and shareholders agreement for acquiring a 26% stake in the company for up to INR16 million (USD215,000).

Sunsole Renewables is a special purpose vehicle of a company set up by Singapore-based Cleantech Solar.

The Veritas Legal team included partners Kunal Doshi (Picture), Natasha Sethna, associates Karun Jhangiani and Anish Patel.

Involved fees earner: Kunal Doshi – Veritas Legal; Karun Jhangiani – Veritas Legal; Anish Patel – Veritas Legal; Natasha Sethna – Veritas Legal;

Law Firms: Veritas Legal;

Clients: Siemens;