IFC-ADB consortium invests $275M in Fourth Partner Energy

Quick Summary:

The consortium's investment will infuse capital to fund FPEL's business expansion plans which include a target portfolio of 3.5 GW of renewable energy assets by 2026.

According to an estimate, India's renewables sector is expected to attract an annual investment of $25 billion through 2030.

"We welcome IFC, ADB and DEG as new partners to join our existing high-quality equity investor base...

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Article Details

Author / Journalist: Press Trust of India

Category: StartupsEconomyBusiness

Markets: IndiaGermany

Topics: Consortium Fpel Privacy Million Policy Capital Assets Investment Fund Energy Renewable

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-06 @ 13:36:14 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 322 words

Reading Time: 2 minutes read

Sentences: 18 lines

Sentence Length: 18 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © YourStory

News ID: 21957544

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Main Topics: StartupsEconomyBusiness

Official Website: yourstory.com

Update Frequency: 21 posts per day

Year Established: 2008

Headquarters: India

News Last Updated: 9 hours ago

Coverage Areas: India

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