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Norwegian PE to invest $125 million in Fourth Partner

Norwegian PE to invest $125 million in Fourth Partner
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Dutch SHV Energy to invest Rs 1800 cr in SunSource Energy in 2 yrs

Dutch SHV Energy to invest Rs 1800 cr in SunSource Energy in 2 yrs SECTIONS Share Synopsis Netherlands-based conglomerate SHV Energy, part of one of the largest global private trading groups SHV Holdings, has marked its foray into solar energy space by the acquisition of a majority stake in Noida-headquartered SunSource Energy. Agencies Netherlands-based conglomerate SHV Energy, part of one of the largest global private trading groups SHV Holdings, has marked its foray into solar energy space by the acquisition of a majority stake in Noida-headquartered SunSource Energy. SHV Energy, a Dutch family-owned multinational and global LPG distributor, is expected to invest nearly Rs 1,800 crore in the next two years to ramp up the solar energy generation capacity of SunSource Energy to 550-Mw from the present 65-Mw. The precise value of the deal is not known. SunSource Energy is a solar solutions provider for commercial and industrial customers in India and South-East Asia.

CDC Group investing ₹250 cr in solar firm Fourth Partner Energy

Updated: Share Article AAA U.K.’s development finance institution CDC Group is investing ₹250 crore in solar energy firm Fourth Partner Energy. The capital will be in the form of non-convertible debentures. The mezzanine capital will be deployed in growing its renewable-solutions platform across India and South Asia, a statement from Fourth Partner Energy said. Managing Director and Head of Asia at CDC Srini Nagarajan said “we have been building scale in the renewable power sector and this investment into Fourth Partner Energy, on the distributed solar side of the sector, is a strategic investment that further enhances India’s renewable power capacity.”

Indonesian mining giant Indika to cut coal income to 50 per cent with net zero in mind

Indonesian mining giant Indika to cut coal income to 50 per cent with net zero in mind
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