Fourth Partner Energy Ltd (FPEL) has raised ₹750 crore ($78.8m/€70.5m) worth of debt finance from Tata Capital - Cleantech Finance for its hybrid energy venture that consists of solar, wind power generation, and BESS in Maharashtra.
A solar PV panel installation plant would be set up with 300 MWp capacity, along with a wind energy production plant with 50 MW capacity and a BESS plant with 750 MWh capacity. According to the latest announcement made by the renewable energy solutions firm based out of Hyderabad, the fresh investment will enable them to execute the plan, taking the capacity online by April 2028.
The solar-wind hybrid power plant will provide continuous power, all day, derived from renewables. Every year, the production plants would be able to provide approximately 630 million kWh.
Fourth Partner Energy was founded back in 2010. They offer installations for companies involving solar, wind, and batteries. The firm provides services to over 400 companies including Meta, Wipro, Coca-Cola, Nestle, and Hyundai.
