Fourth Partner Energy raises $125 million
The Hindu
Fourth Partner Energy has raised $125 million in equity funding from Norfund, the Norwegian Investment Fund for developing countries, and existing shareholder The Rise Fund.Comprising a $100 million f
Fourth Partner Energy has raised $125 million in equity funding from Norfund, the Norwegian Investment Fund for developing countries, and existing shareholder The Rise Fund. Comprising a $100 million from Norfund and the rest from The Rise Fund, the proceeds are to be utilised by the solar energy firm towards business expansion across India and international markets. Fourth Partner Energy wants to leverage this round of funding and expertise of Norfund, as an institutional investor with a strong global clean energy portfolio, to further cement its leadership position, co-founder and executive director Vivek Subramanian said.
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