Fourth Partner Energy
Fourth Partner Energy is India's leading renewable energy company focusing on building and financing RE projects and providing decarbonization solutions to commercial, industrial and institutional entities. It offers end-to-end capabilities including Evaluation, Design, Planning, Procurement, Construction, Operation, Maintenance and Financing of critical solar, wind and battery storage infrastructure, alongside EV charging solutions.
Fourth Partner Energy: Funding Rounds
| Date | Round | Amount | Investors | Source |
|---|---|---|---|---|
| 6 Aug 2024 | Private Equity | $275 Mn | International Finance Corporation (IFC) Asian Development Bank DEG | source |
| 11 Aug 2023 | Private Equity | ₹350 Cr | Norfund | source |
| 30 Jun 2021 | Private Equity | $125 Mn | Norfund The Rise Fund | source |
| 28 Apr 2021 | Debt | $33 Mn | British International Investment | source |
| 17 Sep 2020 | Debt | $16 Mn | Symbiotics ASN Bank Triodos Bank | source |
| 22 Jul 2020 | Debt | $15 Mn | responsAbility | source |
| 17 Dec 2019 | Debt | $50 Mn | Bank of America | source |
| 15 Jun 2018 | Private Equity | $70 Mn | The Rise Fund | source |
| 24 Sep 2015 | Series A | ~$2 Mn | Infuse Ventures Asian Development Bank Chennai Angels | source |
Acquisitions
| Date | Acquirer | Acquired | Amount | Source |
|---|---|---|---|---|
| 23 Jul 2021 | Fourth Partner Energy | Statkraft Solar (India) | Undisclosed | source |
Recent Signals
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20 Feb 2026 · ma-strategic
Philippines' Aboitiz Power in talks for majority stake in Fourth Partner Energy; earlier Indian Oil/Terra Clean talks reportedly did not materialise source -
15 Oct 2025 · ma-strategic
Indian Oil's Terra Clean in talks to buy 50% stake in Fourth Partner Energy for ~$400 Mn equity value source -
1 Oct 2025 · financial
FPEL FY25 consolidated total income up 40% YoY to ₹857 Cr, EBITDA up 92% to ₹498.65 Cr source -
1 Feb 2023 · ma-strategic
Hinduja Renewables, Brookfield, OMERS, I Squared Capital shortlisted for TPG's 52% Fourth Partner Energy stake at $650-700 Mn EV source -
1 Sep 2022 · ma-strategic
TPG weighs sale of its 52% majority stake in Fourth Partner Energy (~$600 Mn valuation reported) source -
27 Jan 2022 · ma-strategic
Fourth Partner Energy buys ReNew Power's 138 MWp rooftop solar portfolio for $89.9 Mn source
News on Fourth Partner Energy
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Who founded Fourth Partner Energy?
Fourth Partner Energy was founded by Vivek Subramanian, Saif Dhorajiwala, Vikas Saluguti in 2010.
How much funding has Fourth Partner Energy raised?
Fourth Partner Energy has raised $628.27 Mn across 9 tracked funding round(s), most recently on 2024-08-06. Figures are compiled from cited public sources.
Who are the investors in Fourth Partner Energy?
Investors in Fourth Partner Energy include International Finance Corporation (IFC), Asian Development Bank, DEG, Norfund, The Rise Fund.
What does Fourth Partner Energy do?
Fourth Partner Energy is India's leading renewable energy company focusing on building and financing RE projects and providing decarbonization solutions to commercial, industrial and institutional entities. It offers end-to-end capabilities including Evaluation, Design, Planning, Procurement, Construction, Operation, Maintenance and Financing of critical solar, wind and…
Where is Fourth Partner Energy headquartered?
Fourth Partner Energy is headquartered in Hyderabad, Telangana, India.
What is Fourth Partner Energy's business model?
Fourth Partner Energy's core value proposition centers on End-to-end clean energy infrastructure delivery, Power-bill cost savings via distributed solar.
How does Fourth Partner Energy make money?
Fourth Partner Energy's cited revenue streams include Long-term power purchase agreements (PPAs).