Fourth Partner Energy Successfully Deploys its First Wind-Solar Hybrid Project in Gujarat

Representational image. Credit: Canva

Fourth Partner Energy, India’s leading renewable energy solutions platform, proudly announced the successful commissioning of its first wind-solar hybrid project in Gondal, Gujarat. This groundbreaking 70 MW project marks a significant step for 4PEL into the Hybrid RE (Renewable Energy) domain, aiming to provide clean energy to prominent companies like Filatex, Linde, Nexus Malls (a Blackstone Group Co.), Deccan Chemicals, and other prestigious clients.


Impressively executed in under 10 months, this 70 MW plant is expected to generate nearly 163 million units of clean energy annually, while substantially reducing carbon emissions by over 1.5 lakh tons. The project features 14 Wind turbines, expertly supplied and erected by GE, further contributing to sustainable energy generation.

With this achievement, Fourth Partner Energy solidifies its commitment to advancing clean and sustainable energy solutions, propelling India’s renewable energy sector towards a greener and more sustainable future.


Announcing the commissioning of this project, Karan Chadha, Head of Business Development at  Fourth Partner Energy highlighted that combining solar and wind power results in improving  predictability of energy supply and a higher utilisation of evacuation & distribution infrastructure.  “This is the first of many hybrid projects in the pipeline for 4PEL as it helps us deliver maximum green  power to our clients at highest cost-savings per unit. We will soon commission projects across  Karnataka, Tamil Nadu and Maharashtra. The C&I renewables market in India is set to grow by over  45 GW in the next 5 years – and 4PEL is committed to meeting that demand by offering the entire  suite of integrated RE solutions. Today’s corporate client wants to maximise renewables  consumption: while hybrid projects can deliver a Capacity Utilisation Factor (CUF) of nearly 60%  compared to standalone wind or solar projects at 20-30%, further combining hybrid with BESS  (Battery Energy Storage System) can take that to 80%. These are the customisations we deliver to our  customers, not just in Gujarat but pan-India.” 

Madhu Sudhan Bhageria, CMD of Filatex, expressed his appreciation that Through this plant, 4PEL is supplying 10.8 MW of hybrid, clean energy to Filatex, one of India’s  leading polyester yarn manufacturers. “Reducing the Carbon footprint at our Dahej & Dadra facilities  has always been top priority for Filatex. Through this collaboration with Fourth Partner, we will look  to procure nearly 50 mn units of green power annually, at cost-savings of nearly Rs 10 Cr per year.  4PEL’s execution expertise alongside delivering the project in a timely manner despite various  challenges, sets them apart as market leaders. We look forward to a long-term partnership with their  robust team”

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The project finance for this hybrid plant has been funded by Aseem Infrastructure Finance, which is  backed by NIIF (National Investment and Infrastructure Fund). Aseem Infra has provided a  customized debt solution of up to Rs 300 Cr to meet the specific needs of the project. Speaking  about the investment, Virender Pankaj, CEO of Aseem Infra said, “we take immense pleasure in  supporting this project of Fourth Partner Energy, which will deliver clean and affordable electricity to  Gujarat’s corporate sector. Aseem is always looking to back transformative infra projects as is  reflected in our high-quality asset book. Our relationship with Fourth Partner Energy is an on-going one as their impact-driven, energy transition assets fit right in with Aseem’s vision of developing a  futuristic, green India.” 

Fourth Partner Energy, with an existing portfolio of 1.3 GW in solar and wind assets, has set its sights on an ambitious target of reaching a 3 GW portfolio across India and Southeast Asia by the year 2025. This significant expansion plan demonstrates the company’s commitment to advancing renewable energy solutions and contributing to a more sustainable and greener future for the region.“For off-site renewables, our focus is currently  across Karnataka, Tamil Nadu, Uttar Pradesh, Maharashtra and Gujarat. We believe the Centre’s  waiver of transmission charges for renewables project under ISTS (Inter State Transmission System)  will be a gamechanger and are currently constructing a 600 MW project in Karnataka under this  mechanism. We also continue to remain bullish on the distributed solar segment across India and our  international markets,” added Karan Chadha. 

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Fourth Partner Energy is currently backed by Norfund and TPG’s RISE Fund. 

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