Norfund complete a $33m investment in Fourth Partner Energy.

Norfund, the Norwegian Investment Fund for developing countries, complete a $33m investment in Fourth Partner Energy, a renewable energy solutions company. “The past two years have given us a thorough understanding of the technical prowess and execution capabilities at Fourth Partner Energy. We have also journeyed together in commencing wind power generation in Gujarat, while developing hybrid parks across Tamil Nadu and Karnataka. The company has grown from an asset base of 550 MW in 2021 to 1.35 GW today. To further our partnership, Norfund is excited to infuse an additional ₹350 crore into 4PEL as they inch closer to the 3.5 GW asset portfolio target by 2025," Anders Blom, Norfund VP.