Mumbai |February 4th, 2026: Shardul Amarchand Mangaldas & Co. (“SAM”) acted as legal counsel to Power Finance Corporation Limited in connection with the ₹661.50 crore rupee term loan financing for the setting up and implementation of an integrated wind—solar hybrid power generation project by Bhuj Wind Energy Private Limited (the “Toravi WSH Project”) in District Vijayapura, Karnataka.
The transaction involved financing for an integrated wind—solar hybrid power generation facility with an aggregate capacity of 70.2 MW / 112.64 MWp, comprising 70.2 MW of wind capacity and 70.4 MWAC / 112.64 MWDC of solar capacity. The project is promoted by Continuum Green Energy Limited through its special purpose vehicle, Bhuj Wind Energy Private Limited.
The financing supports the development of large-scale renewable energy infrastructure in India and contributes to the expansion of hybrid power projects aimed at improving grid stability and accelerating the country’s clean energy transition.
The SAM transaction team was led by Anurag Dwivedi, Partner, with support from Prince Singh, Principal Associate, and Chaitanya Kashyap, Associate.