FPEL’s Strategic Investors
At FPEL, we aim to lead the energy transition for corporates, positioning ourselves as India’s premier renewable energy developer for commercial and industrial sectors. We are backed by ESG-focused investors who share our commitment to sustainability.
Supported by top Development Finance Institutions (DFIs) and impact investors such as Norfund, IFC, ADB, DEG, and TPG Capital, these partnerships reflect our strong execution capabilities and leadership, driving decarbonization in one of the world’s fastest-growing economies.
FPEL’s Equity Investment Timeline
Norfund – Norway’s Sovereign Fund
Norfund is the Norwegian Investment Fund for developing countries, investing to create jobs, improve lives and support the transition to net zero. Norfund’s committed portfolio totals $3.6 Bn in Sub-Saharan Africa, South/Southeast Asia, and Latin America. Norfund has four investment areas: Renewable Energy, Financial Inclusion, Scalable Enterprises and Green Infrastructure.
International Finance Corporation
IFC – a member of the World Bank Group, is the largest global development institution focused on the private sector in emerging markets. With a presence in more than 100 countries, IFC uses its capital, expertise, and influence to create markets and opportunities in developing countries.
Asian Development Bank
ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. Established in 1966, it is owned by 68 members – 49 from the region.
LEAP 2 is an ADB-managed fund with a $1.5 Bn commitment from the Japan International Cooperation Agency. The LEAP 2 investment in FPEL is its first transaction since the fund’s replenishment in December 2023.
Germany’s Impact Fund – DEG
DEG – Deutsche Investitions- und Entwicklungsgesellschaft mbH has a development policy mandate to finance and advise private enterprises that invest in developing countries as an important driver of employment and income. These investments in developing countries are often made possible under challenging conditions. DEG’s current portfolio is worth Eur 9.9 Bn and covers around 600 investments.
TPG RISE CLIMATE
TPG Rise Climate is the dedicated climate investing platform of TPG, a leading global alternative asset management firm. With dedicated pools of capital across private equity, transition infrastructure, and the Global South, TPG Rise Climate pursues climate-related investments that benefit from the diverse skills of TPG’s investing professionals around the world, the strategic relationships and insights developed across TPG’s broad portfolio of climate companies, and a global network of executives, advisors, and corporate partners.
Leadership & Investor Speak
Onboarding leading DFIs as equity partners is testament to our industry-best technical capabilities, high caliber team and strong ESG compliance. Our investors and lenders keep coming back as financiers because FPEL prioritises commercial viability and robust returns, while focusing on scaling the business.
Reducing the energy sector’s carbon footprint is critical to realizing India’s green ambitions. FPEL is pioneering innovative, future-ready renewable energy solutions, including battery storage, hybrid renewables, floating solar, and bifacial technology. Our investment will help FPEL to expand its renewable energy offerings and increase the supply of affordable, clean energy for commercial and industrial consumers across the country.
Providing commercial and industrial users in India with access to clean and renewable energy will foster growth of the sector while helping to achieve net-zero emissions. We expect that ADB’s investment will support the clean energy transition by encouraging domestic and international lenders to engage with independent power producers in this sector.
The time is apt to contribute to India’s ambitious renewable energy development goals. At DEG, we are delighted to be part of FPEL’s important growth journey, together with our partners IFC and ADB. FPEL combines rapid growth in building a solar and wind park portfolio with the high demands of first-class clients and can thus be a driver of CO2 reduction and energy transition in India.
The past few years has given us a thorough understanding of the technical prowess and execution capabilities at Fourth Partner Energy. FPEL’s leadership team is determined to balance the planet with profitability – while adhering to the highest standards of integrity, ESG and health & safety norms. We are pleased to welcome strong investors as IFC, ADB and DEG, and look forward to collaborating on enabling further expansion of renewable energy in India.
