CCI approves acquisition of Fourth Partner Energy by IFC, ADB, and DEG

The Competition Commission of India (CCI) has approved the acquisition of certain shareholding in Fourth Partner Energy Private Limited (Target) by the International Finance Corporation (IFC), Asian Development Bank (ADB), and DEG – Deutsche Investitions – und Entwicklungsgesellschaft mbH (DEG). 

The proposed investment totals USD 275 million (approx. INR 22.96 billion), with each entity acquiring a percentage of Target’s share capital through primary subscription and secondary purchase.

IFC, a World Bank Group member, supports private sector growth in developing countries, mobilizing capital and providing advisory services. ADB, established in 1966, provides loans, grants, and equity investments to promote development in its 69 member countries. DEG offers financing, advisory, and support to private sector enterprises in emerging markets, with a focus on sustainable, climate-impact investments.

Target, along with its affiliates, specializes in integrated renewable energy solutions, including solar and wind power plants for commercial and industrial consumers. It also provides engineering, procurement, and construction (EPC) and operations & maintenance (O&M) services, primarily on a captive basis.