The Norwegian Climate Investment Fund, managed by Norfund, and KLP, Norway’s largest pension company, sign agreement to invest approx. $9m (INR 730m) for 49% stake in the second project in Gadag district in Karnataka, India ReNew commissions its first Interstate Transmission Project, the “Koppal Transmission Scheme” to help in transmission of 1.5GW of renewable energy […]
NORFUND ANNOUNCES REPEAT INVESTMENT INTO FOURTH PARTNER ENERGY; ADDITIONAL ₹350 Cr TOWARDS EQUITY INFUSION – EQ Mag
IFC TO ALSO PUMP IN ₹560 Cr TO FINANCE 4PEL’s ROOFTOP SOLAR PROJECTS AND 75 MW SOLAR PARK IN ATHARGA, KARNATAKA HYDERABAD AND OSLO : Norwegian Investment Fund for developing countries – Norfund today announced a fresh investment of ₹350 Cr into India’s leading renewable energy solutions platform, Fourth Partner Energy (4PEL). This is the […]
Omers, Norfund in Talks to Pick Up 20% Stake in Avaada Energy For $200 million
Avaada Energy was founded in 2017 by former Welspun Energy promoter Vineet Mittal who left Welspun Group after it sold its renewable business to Tata Power for Rs 10,000 crore in 2016. Canada-based pension fund Omers and Norway government’s private equity arm Norfund are in talks to invest $200 million in Avaada Energy for a […]
Fourth Partner Energy Raises US$125 MN in Latest Round of Equity Funding From Norfund And The Rise Fund
Norfund, the Norwegian Investment Fund for developing countries, to infuse $100 Mn and existing shareholder THE RISE FUND to invest an additional $25 Mn in the current round; Funds to be utilized towards business expansion across Indian and International markets Hyderabad-based Fourth Partner Energy today announced that it had raised $125 Mn in equity funding […]