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)
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