{"id":396252,"date":"2021-01-20T10:23:08","date_gmt":"2021-01-20T04:53:08","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=396252"},"modified":"2021-01-20T10:23:08","modified_gmt":"2021-01-20T04:53:08","slug":"fourth-partner-energy-in-talks-to-raise-100-million","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/fourth-partner-energy-in-talks-to-raise-100-million\/","title":{"rendered":"Fourth Partner Energy in talks to raise $100 million"},"content":{"rendered":"<p>MUMBAI : TPG Capital-backed Fourth Partner Energy Pvt. Ltd is in talks to raise $100 million from private market investors amid rising investor interest in distributed renewable energy providers, three people aware of the matter said seeking anonymity.<\/p>\n<p>Distributed solar energy companies provide power to businesses, commercial office buildings, and industrial units directly using rooftop solar installations or captive solar capacities. Large solar parks, on the other hand, feed power to a central grid.<\/p>\n<p>Fourth Partner has received interest from Norwegian sovereign wealth fund Norfund, which is in talks to infuse $100 million into the firm to fund its growth, said one of the three people mentioned above. \u201cNorfund is bullish on green energy investments in India and has been scouting the market for a bunch of investments. Solar power cost has come down significantly, making it much cheaper for industries to source power from distributed solar power providers than the grid and thus investor interest is growing in this segment,&#8221; said the second person.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MUMBAI : TPG Capital-backed Fourth Partner Energy Pvt. Ltd is in talks to raise $100 million from private market investors amid rising investor interest in distributed renewable energy providers, three people aware of the matter said seeking anonymity. Distributed solar energy companies provide power to businesses, commercial office buildings, and industrial units directly using rooftop solar installations or captive solar capacities. Large solar parks, on the other hand, feed power to a central grid. Fourth Partner has received interest from Norwegian sovereign wealth fund Norfund, which is in talks to infuse $100 million into the firm to fund its growth, [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,237],"tags":[],"class_list":["post-396252","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-power-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/396252","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=396252"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/396252\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=396252"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=396252"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=396252"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}