Norfund, Norway’s state-owned fund, and The Rise Fund, a $2bn global fund, completed the $125m investment in Fourth Partner Energy, a distributed solar energy firm focusing on building and financing solar projects. "Fourth Partner Energy is now strengthening its onsite and offsite solar presence in the subcontinent; as well as key markets across South and Southeast Asia. The company is targeting 3 GW of installed solar capacity by 2025 and expansion of capabilities across energy storage, EV charging infrastructure," Fourth Partner Energy.