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DFDL Bangladesh Honored for USD 1.7B Solar Energy Deal

AsiaLaw, a leading legal directory focusing on Law firms in Asia, has awarded DFDL Bangladesh for its Deal of the Month (March 2022) for advising on a USD 1.7 billion joint venture for what will become the fifth-largest solar energy field in the world. 

DFDL Bangladesh advised Pacific Energy Group, through its subsidiary Eleris Energy, in signing a Joint Venture Agreement with the Bangladesh Army Welfare Trust to build a 1,000 MW alternative energy solar field. The deal was particularly complex because of the cross-border and multi-phase aspects as well as issues related to land.

The solar energy project is scheduled to begin construction this year. Upon completion, the solar field will be tied as the fifth largest in the world, with the potential for future expansion.

The DFDL Bangladesh team was led by Shahwar Nizam (Managing Director and Partner) with Saif Bhuiyan (Senior Associate) and Araf Rahman (Trainee).

This deal has been featured in Asia Law’s Deal of the Month in March.

Read the full AsiaLaw article here: