Fourth Partner Energy raised $15 mn from responsibility
Solar solution startup Fourth Partner Energy raised $15 mn in its third round of funding from Zurich-based development asset manager. The startup aims to use the fund for construction of new assets across the startup's distributed solar and open access portfolios.
Pradhyum Reddy, who led the transaction from Fourth Partner Energy, said, "In our 10th year of operations, we are looking to add capacity of close to 350 MW across both distributed solar and open access portfolios. We are building solar parks in Maharashtra, Tamil Nadu, and Uttar Pradesh."