Clifford Chance

Clifford Chance advises Partners Group on its majority acquisition of Sunsure Energy in India

Leading international law firm Clifford Chance has advised leading global private markets firm Partners Group, acting on behalf of its clients, on the international aspects of its acquisition of a majority stake in Sunsure Energy, a leading renewable energy and decarbonisation solutions platform in India. Partners Group will invest up to US$400 million in Sunsure Energy.

Under Partners Group's ownership, Sunsure Energy will be transformed into a next-generation independent power producer that will build and own utility-scale solar, wind, solar-wind hybrid, and battery storage renewable energy projects. Targeting over 3 GW of operational capacity, the platform will sell power directly to its customers, as well as help them meet decarbonisation and energy cost reduction targets by providing additional value-added services, such as energy-as-a-service and carbon credit management.

Partner Tom Lin and senior associate Ivan Chan led the Clifford Chance team, alongside associate Christie Long and Director of the Financial Investor Group Emma Zhang.

Ivan said: “We are delighted to again support our longstanding client Partners Group on a strategically important transaction to help accelerate the energy transition. India is the world’s third largest electricity market, and this investment reflects Partners Group’s thematic conviction in the transformational opportunities presented by India's fast-growing renewable energy sector. We wish Sunsure Energy and Partners Group every success with their partnership.”

Clifford Chance regularly advises on landmark transactions across the full lifecycle of renewable energy projects in Asia Pacific, including Partners Group on the sale of CWP Renewables in Australia's largest renewable energy deal to-date, Vena Energy's inaugural green project bond in Japan and CDPQ’s US$2.7 billion acquisition and holdco financing in Taiwan’s Greater Changhua 1 offshore wind farm.