Fourth Partner Energy secures Rs 2.50 billion funding from UK-based CDC Group

Fourth Partner Energy, Hyderabad-based solar energy firm, has received Rs 2.50 billion investment from UK’s development finance institution, CDC Group.

Capital from CDC Group will be in the form of non-convertible debentures and will be utilised by Fourth Partner Energy for expanding its solar portfolio. CDC’s investment will support India’s clean energy transition and enable provision of cleaner energy to businesses. CDC’s investment will fund about 217 MW greenfield renewable power generation in India, which will avoid 258,000 tonnes of annual carbon dioxide emissions.