Allen & Overy and Trilegal have represented Japanese energy giant JERA on its $200 million acquisition of a 10 percent equity stake in ReNew Power Ventures, an India-based solar and wind energy producer, which turned to Nishith Desai Associates for advice.

The deal is the first major move in the clean energy space for JERA, a joint venture between Tokyo Electric Power and Chubu Electric Power.

Established in 2011, ReNew Power became the first Indian company to reach 1GW of commissioned wind and solar energy capacity.

JERA has 6 GW of energy assets across North America, the Middle East and Southeast Asia. On the other hand, ReNew Power operates 1.5 GW of assets and is constructing 1.8 GW of assets in India.

The A&O team was led by Tokyo-based partner Simon Black. Meanwhile, partners Akshay Jaitly, Neeraj Menon, Ravindra Bandhakavi and Samsuddha Majumder handled the transaction for Trilegal.

ReNew Power and its majority shareholder Goldman Sachs were advised by Nishith Desai Associates, led by partners Rajesh Simhan and Karan Kalra.