Bank of America has extended a local currency revolving credit facility to Fourth Partner Energy, a distributed solar company. The $50 million line of credit is Bank of America’s first locally denominated loan for commercial solar financing in India. Fourth Partner Energy will deploy these funds to further grow its operational solar portfolio by 150 MW over the next 18 months. Fourth Partner Energy’s current portfolio includes projects across a range of commercial and industrial clients, such as Coca-Cola, Hindustan Unilever, Schneider and Walmart.
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