About UPC Renewables
UPC Renewables is an Energy & Utilities company based in Miami (United States) founded in 2007, and was acquired by ACEN in February 2026. Independent Power Producer. UPC Renewables has raised $80 million across 3 funding rounds from investors including Macquarie Group, Masdar and FMO. The company has 63 employees. UPC Renewables offers products and services including Wind Projects, Solar Projects, BioEnergy, UPC Commodities, and UPC Capital Ventures. Its focus areas include Energy, Wind Energy, Independent Power Producer and Utility. Its competitors include NextEra Energy and Duke Energy.
Company details
UPC Renewables was founded in 2007 and is headquartered in Miami, United States. As an independent power producer in the renewable energy sector, wind and solar farms are developed, constructed, owned, and operated. More than 2,000 MW of such projects have been brought online, involving investments exceeding 3 billion USD, with a pipeline surpassing 5,000 MW. Development activities are focused on Algeria, China, Indonesia, Morocco, the Philippines, and Tunisia.
- Headquarters Miami, United States
- Employees 63
- Stage Acquired
- SectorsEnergy & Utilities
- Email••••••••
- Website upcrenewables.com
- Social LinkedIn
- Acquired by Ayala (May 2018)
- Total Equity Funding$80M (USD)
in 3 rounds
- InvestorsMacquarie Group
& 6 more
- Employee Count63
- Acquired by
Associated legal entities of UPC Renewables
UPC Renewables is associated with 2 registered companies on The Company Check. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Upc Renewables India Management Private Limited CIN U40101MH2022FTC393263 | Active | 10 Nov 2022 | Thane, Maharashtra | ₹0.1 Cr | 5 | View details | |
| Upc Solar India Private Limited CIN U74999HR2017FTC068383 | Active | 30 Mar 2017 | Gurgaon, Haryana | ₹13.8 Cr | 40 | 2 | View details |
Products & Services of UPC Renewables
UPC Renewables offers a comprehensive portfolio of products and services, including Wind Projects, Solar Projects, BioEnergy, UPC Commodities, and UPC Capital Ventures.
Development and operation of utility-scale wind farms worldwide.
Development and operation of large-scale solar energy installations.
Management of bioenergy projects for sustainable energy production.
Trading and development of renewable energy commodities.
Venture investments in renewable energy projects globally.
Funding Insights of UPC Renewables
UPC Renewables has successfully raised a total of $80M across 3 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $80M
- Total Rounds 3
- First Round $30M
(Feb 2010)
- Investors Count 4
All 3 funding rounds of UPC Renewables with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul 2017 | Debt – Conventional | – | – | ||
| Dec 2010 | $50M | Private Equity Round | – | – | |
| Feb 2010 | $30M | Private Equity Round | – | – |
7 investors in total: 7 institutional.
Investors in UPC Renewables
UPC Renewables has secured backing from 7 investors, including venture fund and institutional investors. Prominent investors backing the company include Macquarie Group, Masdar and FMO.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Development financing is provided for entrepreneurial ventures in emerging markets. | 1970 | fmo.nl | The Hague, Netherlands | |
Infrastructure fund focused on energy sector | 1990 | globalenvironmentfund.com | Bethesda, United States | |
A global financial services organization with Australian heritage is operated. | 1969 | macquarie.com | Sydney, Australia | |
Masdar is recognized as a pioneer in clean energy solutions. | 2006 | masdar.ae | Abu Dhabi, United Arab Emirates | |
Private equity fund focused on real estate, water, financial services, and telecommunication sectors | 1834 | ayala.com | Makati, Philippines | |
Develops, builds, and operates wind, solar, and storage projects internationally. | 2012 | edf-renouvelables.com | Paris, France | |
Wind energy projects are developed and managed in the Philippines. | 2011 | acenrenewables.com | Makati, Philippines |
Investor details for UPC Renewables
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of UPC Renewables
The boards of the 2 registered companies of UPC Renewables currently have 4 directors; the longest-serving is Georgie Thomas, appointed in 2022. 6 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Georgie Thomas DIN 09786749 | Director | 10 Nov 2022 | 3 yrs 11 mo | Upc Renewables India Management Private Limited |
| Brian Eugene Caffyn DIN 09786750 | Director | 10 Nov 2022 | 3 yrs 11 mo | Upc Renewables India Management Private Limited |
| Alok Kumar Nigam DIN 02814882 | Director | 03 Feb 2023 | 3 yrs 9 mo | Upc Solar India Private Limited, Upc Renewables India Management Private Limited |
| Ankit Kumar Gupta DIN 10629521 | Director | 17 May 2024 | 2 yrs 5 mo | Upc Solar India Private Limited, Upc Renewables India Management Private Limited |
People of UPC Renewables
6 people are tracked at UPC Renewables (6 in leadership); the tracked headcount is 63.
| Name | Role | Group |
|---|---|---|
Pranab Kumar Sarmah | CEO, Solar & Director | Leadership |
JP Park | CEO, Solar Korea | Leadership |
| Chairman & Group CEO | Leadership | |
Sumit Pandey | Country Director, UPC Solar India | Leadership |
Dacre Purchase | CEO, Indonesia & Director | Leadership |
Yossy Sulistyorini | Head of Legal, Indonesia & Director | Leadership |
Complete people profiles for UPC Renewables
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of UPC Renewables
Figures of Upc Solar India Private Limited, the primary company behind UPC Renewables, for FY 2025. Revenue was ₹13.79 Cr (-57% year on year). Net profit was ₹3.3 Lakh (0% margin). EBITDA was ₹65.4 Lakh (5% margin). Revenue has grown at a compounded annual rate of +20% over three years and +96% over five years.
- ₹13.79 CrRevenue · FY 2025 · -57% YoY
- ₹3.3 LakhNet profit · 0% margin
- ₹65.4 LakhEBITDA · 5% margin
- ₹4.00 CrPaid-up capital
- 40Employees (provident fund records)
- +20%Revenue CAGR, 3 years
- +96%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Upc Solar India Private Limited are on its company page.
Detailed financial statements for UPC Renewables
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of UPC Renewables
6 dated milestones of UPC Renewables across 19 years, from founding to its latest funding, stage changes and deals.
- Founded UPC Renewables is founded.
- Funding First funding round of $30.0M.
- Exit Acquired by EDF Renewable.
- Funding Latest funding round, Debt – Conventional,.
- Exit Acquired by Ayala.
- Exit Acquired by ACEN.
Competitors of UPC Renewables
UPC Renewables has 2 listed competitors in our database. They include NextEra Energy and Duke Energy.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| nexteraenergy.com | 1925 | Juno Beach, United States | 9,500 | Developer of energy solutions | ||
| duke-energy.com | 1904 | Charlotte, United States | 27,037 | Renewable electricity is produced and distributed across multiple states. |
Detailed competitors of UPC Renewables
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of UPC Renewables
The website of UPC Renewables (upcrenewables.com) receives about 2.2K visits a month.
- Monthly visits2.2K
▲ 255.2% vs previous month
Websites whose visitors overlap most with UPC Renewables. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| scottishpowerrenewables.com | 100% | #2,329,389 | View details | ||
commercialutility.com | commercialutility.com | 100% | – |
Top companies in Renewable & Sustainable Energy
3 companies that operate in the same segment as UPC Renewables (Renewable & Sustainable Energy) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Utility-scale renewable energy projects are developed by Enel X. | 2001 | Boston, Massachusetts, United States | USD 168.67 M | |||
Sustainable energy solutions are developed and operated worldwide. | 2000 | Chicago, Illinois, United States | USD 575 M | 1,276 | ||
Solar energy services are provided to residential customers nationwide. | 2007 | San Francisco, California, United States | USD 296.98 M | USD 2.96 B | 11,060 |
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Related news about Upc Renewables
Complete news archive for UPC Renewables
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about UPC Renewables
UPC Renewables was founded in 2007 and raised its 1st funding round 3 years after it was founded.
UPC Renewables is headquartered in Miami, United States. It is registered at Miami, Florida, United States.
UPC Renewables is a funded company, having raised a total of $80M across 3 funding rounds to date. The company's 1st funding round was a Private Equity Round of $30M, raised on Feb 2010.
UPC Renewables has 63 employees.
UPC Renewables was founded in 2007 and is headquartered in Miami, United States. As an independent power producer in the renewable energy sector, wind and solar farms are developed, constructed, owned, and operated. More than 2,000 MW of such projects have been brought online, involving investments exceeding 3 billion USD, with a pipeline surpassing 5,000 MW. Development activities are focused on Algeria, China, Indonesia, Morocco, the Philippines, and Tunisia.
UPC Renewables's top competitors include NextEra Energy and Duke Energy.
UPC Renewables offers Wind Projects, Solar Projects, BioEnergy, UPC Commodities, and UPC Capital Ventures.
UPC Renewables has 7 investors. Key investors include Macquarie Group, Masdar, FMO, Ayala, and ACEN.
UPC Renewables is associated with 2 legal entities: Upc Solar India Private Limited, Upc Renewables India Management Private Limited.
Yes. UPC Renewables was acquired by Ayala in May 2018.
The legal entities of UPC Renewables currently have 5 directors, including Ankit Kumar Gupta, Alok Kumar Nigam, Georgie Thomas and others.