Norfund Joins IFC, ADB, and DEG on its investment in Fourth Partner Energy
Fourth Partner Energy Private Limited has successfully raised $275 million from Norfund, IFC, ADB, and DEG. Norfund, which is supported by the Norwegian Government and focuses on investments in developing countries, has made a significant contribution to this round.
TT&A provided legal advisory services to Norfund for this transaction. The deal team from TT&A included Partner Dushyant Bagga, Managing Associate Pooja Menon, Senior Associate Abhilash Gupta, and Associate Prerna Raturi.
This investment will support Fourth Partner Energy’s expansion plans, which aim to develop a portfolio of 3.5 GW of renewable energy assets by 2026. The company specializes in solar, wind, hybrid, battery storage, and e-mobility projects.
Fourth Partner Energy is a prominent renewable energy company focused on developing and financing a range of sustainable energy projects. Established with a vision to drive the transition to clean energy, Fourth Partner Energy specializes in solar, wind, hybrid, battery storage, and e-mobility solutions. The company is committed to advancing renewable energy infrastructure and aims to build a substantial portfolio of green energy assets.
Its strategic initiatives include the development and management of large-scale renewable energy projects, contributing to the reduction of carbon emissions and supporting global sustainability goals. Fourth Partner Energy is known for its innovative approach and dedication to expanding renewable energy access, targeting a significant growth in its energy portfolio in the coming years.
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