Norfund, RISE invest $125m in Indian clean energy firm Fourth Partner Energy
Photo: Todae Solar
Norway’s state-owned Norfund and TPG Capital’s RISE Fund have invested $100 million and $25 million respectively in Hyderabad-based Fourth Partner Energy (4PEL).
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Post the investment, IFC and Norfund will hold 30 per cent stake each in the firm, while Yoma Strategic will own 35 per cent.
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