Fourth Partner Energy Receives ?1.26 Billion to Expand Distributed Solar Footprint

<p><a href="https://symbioticsgroup.com/'">Symbiotics</a>, an investment firm specialized in emerging, sustainable, and inclusive finance, issued its first bond the proceeds of which are exclusively used to finance renewable energy projects.</p><p>It raised ?1.26 billion (~$17.4 million) for <a href="https://www.fourthpartner.co/">Fourth Partner Energy Limited</a>, a distributed solar energy firm.</p><p>The bond proceeds are to be fully used for a four-year, senior unsecured, local currency loan to Fourth Partner Energy.</p><p>The bond was issued by Symbiotics’ sponsored bond issuance platform. The investors in the bond are <a href="https://www.asnbank.nl/beleggen/beleggingsrekening/beleggingsfondsen/asn-groenprojectenfonds.html">ASN Groenprojectenfonds</a> at ?345 million (~$4.6 million), <a href="https://www.triodos.nl/beleggen/groenfonds/NL0000440204">Triodos Groenfonds</a> for ?345 million (~$4.6 million), and Symbiotics’ advisory and mandated fund with ?570 million (~$7.7 million).</p><p> </p><p><i>[source: mercomindia.com, 17/09/2020]</i></p>

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