India’s Renewable Energy firm, Fourth Partner Energy (FPEL) has secured a $275 million equity investment from a consortium led by The International Finance Corporation (IFC), Asian Development Bank (ADB), and Germany’s DEG. This investment aims to support FPEL’s expansion to a 3.5 GW renewable energy portfolio by 2026. FPEL has 1.5 GW of green assets and will soon commission a 575 MW wind-solar hybrid project in Karnataka.
Fourth Partner Energy secures $275M investment
IFC-led consortium invests $275 M in Fourth Partner Energy to support its green energy projects. (Photo Credit: Pixabay)
AfDB funded two 15 MW solar plants in Chad to generate 61 GWh annually and cut emissions by 49,000 tons per year. (Image Credit/Source: LCEC/Pixabay)
Algeria and GE Vernova discussed 15 GW renewable energy projects, including solar, as Sonelgaz led talks in Atlanta. (Image Source:Zawya)
LRE powered up Morrow Lake Solar, supplying 200 MW to Microsoft with innovative solar tech and eco-friendly land use. (Image Credit/Source: StockSnap/Pixabay)
re:cap green energy acquired 51.7 MW solar projects from Milvio Energy, with completion expected between Q1 and Q4 of 2025. (Image Credit/Source: TheOtherKev/Pexels)