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UK firm drops out of Fourth Partner race as IFC consortium moves ahead

A UK-based investment firm, which manages a $1.5 billion climate fund, has backed out of a proposed multi-million-dollar deal to invest in Indian renewable energy ..

Editor s take: The week that was — April 15-20

IFC-ADB, just climate in race to buy fourth partner energy

Fourth Partner focuses on building and financing renewable energy projects for commercial and industrial entities. It has an installed portfolio of 1.35 GW and is targeting to expand that to 3.5 GW by 2025. In fiscal 2022, it posted revenue of ₹1,018 crore, up from ₹459 crore the previous year, as per latest available financial numbers.

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