Fourth Partner Energy

Asia

Region

Investment (MNOK)

Exit

Status

Fourth Partner Energy (4PEL) is one of India’s leading distributed solar platforms, providing on- and off-site power supply to larger commercial and industrial (C&I) clients. The company is targeting 3 GW of installed solar capacity by 2025 and expansion of capabilities across energy storage and EV charging infrastructure. To date, Fourth Partner Energy manages a portfolio of 550 MW across its distributed and open access solar portfolios. The company has commenced operations across Sri Lanka, Bangladesh and Vietnam. In Indonesia, 4PEL has tied up with integrated energy major Indika Energy to offer solar solutions to corporates there.

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Key information

Sector:
Renewable Energy
Investment (MNOK):
Year:
2021
Region:
Asia
Country:
India
Domicile:
India
Instrument:
Equity
Status:
Exit
Mandate:
Development

Additionality Fourth Partner Energy

This investment is particularly additional on the following ambitions:

  • Investing in sectors with high development needs
  • Investing in high risk instruments
  • Targeting underserved segments
  • Mobilising private investors
  • Taking an active role in investments
  • Improving social and environmental performance

Read more about the investment:

Norfund invests $100 million in India’s leading rooftop solar developer