PE Fund Investments
Renewable energy co Fourth Partner raises Rs.350-Cr from Norfund
Norfund, the Norwegian investment fund for developing countries, has invested INR 350 crore in Hyderabad-based renewable energy solutions platform Fourth Partner Energy Ltd (4PEL). Norfund had earlier invested USD 100 million in the company in June 2021. Fourth Partner has grown from an asset base of 550 MW in 2021 to 1.35 GW now.
From the Venture Intelligence PE-VC Deal Database: Between Nov 2015 and Mar 2022, Fourth Partner Energy had raised over USD 243 M from Norfund, TPG Growth, Infuse Ventures, British International Investments and Chennai Angels. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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