In September 2022, ReNew Power, via its financial sponsors Global Environment Fund, Jera Co., RMG Acquisition Corp. II, and others entered into a definitive agreement to acquire 3E, a Belgium based software company that creates AI-driven products to improve the energy yield and performance of renewable solar and wind projects for an undisclosed amount
In April 2022, ReNew Power, via its financial sponsors Abu Dhabi Investment Authority, BlackRock, BNP Paribas, Global Environment Fund and other investors, acquired a portfolio of 375MW solar projects for an undisclosed amount
In December 2019, UPC Renewables, a Hong Kong and Beijing-based wind power developer, received $60 million of venture funding from Global Environment Fund and CIAM Group. UPC will use the funds to construct more wind projects and further develop its wind power portfolio in China
In June 2018, ESDS Software Solution Pvt. Ltd., an India-based datacenter and cloud services provider, raised $10.4 million of venture funding from Global Environment Fund, GEF Capital Partners and other undisclosed investors
In May 2018, OPTIMOZ, a provider of digital transformation and managed cloud computing services received $2 million of development capital from Global Environment Fund. The funds will be used to expand its enterprise DevSecOps platform service to meet growing market needs
In April 2018, ReNew Power acquired Ostro Energy for an enterprise value of $1.66 billion. As of the acquisition date Ostro Energy had wind assets of 648MW with 350MW in pipeline. The investors in ReNew Power includes Global Environment Fund, Goldman Sachs, Abu Dhabi Investment Authority, the Asian Development Bank and JERA
In April 2016, Global Environment Fund (GEF) and Kinea acquired a stake in Brazilian logistics company AGV Logística from Tarpon. GEF and Kinea also invested R$60 million in the company. AGV Logística is a provider of intelligence and logistics operations in x`Brazil
In August 2015, Global Environment Fund invested $11 million in India based wastewater-treatment company Concord Enviro Systems. The fund was provided to expand Concord’s global presence and introduce new products
In July 2014, GEF SACEF India, a fund managed by the Global Environment Fund along with Asian Development Bank and Goldman Sachs, invested $140 million in ReNew Power Ventures, an independent power producer. As of then, ReNew Power owned and operated 460MW of renewable energy assets
