FP Energy EF

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The proposed transaction is an equity investment of up to US$125mn in Fourth Partner Energy Private Limited (“FPEL” or the “Company”), one of the leading renewable energies (“RE”) solutions providers to commercial and industrial (“C&I”) clients in India (https://www.fourthpartner.co/). The Company currently has a portfolio of c.1.5GWp and is one of the leading players in the C&I sector in India. The proposed investment will support FPEL’s RE capacity expansion plans, mostly solar and wind-solar hybrid, over the next few years (the “Project”). FPEL is an existing IFC investment client since 2023. See previous project disclosure information here https://disclosures.ifc.org/project-detail/ESRS/46362/fp-energy-pf.         FPEL provides services across development, design, financing, procurement, construction, operation, and maintenance, energy analysis etc. of renewables infrastructure. The proposed equity financing will include all of FPEL’s business activities at various stages of design, construction, and operation. These include an existing portfolio of mostly rooftop and ground mounted open-access (OA) solar assets spread across 24 states in India. The Company’s OA solar, standalone wind, and wind-solar hybrid sites are connected to central and state transmission utilities that allow FPEL to sell electricity to consumers located across India. FPEL has a small portfolio of rooftop solar projects (40 MWp capacity) in Bangladesh, Sri Lanka, Indonesia, and Vietnam. The Company also has two subsidiaries for providing (i) comprehensive EPC services, solutions and component manufacturing for Battery Energy Storage Systems (BESS); and (ii) a joint venture for deploying EV charging systems across India.