Fourth Partner Energy secures Rs 7.8 billion refinancing from NIIF-IFL

Fourth Partner Energy has raised Rs 7.80 billion in refinancing from NIIF Infrastructure Finance Limited (NIIF-IFL) for a major part of its rooftop solar portfolio. The transaction consolidates multiple project sites, off-takers, and regulatory frameworks under a single lender arrangement.

The refinancing aims to streamline the company’s capital structure and strengthen its rooftop solar business. Fourth Partner Energy has already commissioned over 1.2 GW of open access projects and is developing more than 800 MW of wind-solar hybrid capacity. The company targets a total portfolio of 9 GW by 2031.

Earlier, Fourth Partner Energy secured USD 275 million from the International Finance Corporation (IFC), Asian Development Bank (ADB), and DEG to expand its renewable portfolio. The latest refinancing signals continued institutional confidence in India’s rooftop solar market and supports the company’s long-term growth strategy.