UPC Renewables

Miami, United States Founded: 2007 • Age: 19 yrs Acquired By ACEN
Independent Power Producer
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About UPC Renewables

UPC Renewables is a company based in Miami (United States) founded in 2007 was acquired by ACEN in February 2026.. UPC Renewables has raised $80 million across 3 funding rounds from investors including Macquarie Group, Masdar and FMO. The company has 63 employees as of June 30, 2024. UPC Renewables offers products and services including Wind Projects, Solar Projects, BioEnergy, UPC Commodities, and UPC Capital Ventures. UPC Renewables operates in a competitive market with competitors including Octopus Energy, NextEra Energy, Duke Energy, ScottishPower and EDP Renewables, among others.

  • Headquarter Miami, United States
  • Employees 63 as on 30 Jun, 2024
  • Sectors
    Energy & Utilities
  • Email
    ***********
  • Phone
    *********
  • Website
    *********
  • Social
    *********
Operational Areas
Energy & Utilities → Renewable & Clean Energy
Key Metrics
  • Annual Revenue
  • Net Profit
  • EBITDA
  • Total Equity Funding
    $80 M (USD)

    in 3 rounds

  • Latest Funding Round
  • Investors
  • Employee Count
    63

    as on Jun 30, 2024

  • Acquired by
    ACEN

    & 2 more

    (Feb 06, 2026)

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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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.

Primary

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.

People of UPC Renewables
Headcount 10-50
Employee Profiles 6
Employee Profiles
People
Pranab Kumar Sarmah
CEO, Solar & Director
People
JP Park
CEO, Solar Korea
People
Brian Caffyn
Chairman & Group CEO
People
Sumit Pandey
Country Director, UPC Solar India

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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
  • Total Rounds 3
  • Last Round
  • First Round

    (11 Feb 2010)

  • Investors Count 4
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2017 Amount Debt – Conventional - UPC Renewables Valuation

investors

FMO
Dec, 2010 Amount Private Equity Round - UPC Renewables Valuation

investors

Feb, 2010 Amount Private Equity Round - UPC Renewables Valuation

investors

Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.

All
Venture Fund
Institutional
Investor Description Founded Year Domain Location
Development financing is provided for entrepreneurial ventures in emerging markets.
Founded Year Domain Location
Infrastructure fund focused on energy sector
Founded Year Domain Location
A global financial services organization with Australian heritage is operated.
Founded Year Domain Location
Investor Description Founded Year Domain Location
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
Founded Year Domain Location
Startup ecosystems are ignited through strategic investments by Signite Partners.
Founded Year Domain Location
Venture capital is directed toward companies in multiple sectors.
Founded Year Domain Location
Venture capital is invested in cybersecurity, fintech, and AI startups.
Founded Year Domain Location

Investments & Acquisitions by UPC Renewables

Investments
Company Name Description Domain Location Founded Year Amount
Bionic investment advisor platform
2016
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
Fine Asian gourmet food is offered by an internet-first restaurant.
2016

Financial Statements - UPC Renewables

Tata Steel revenue growth over time
Tata Steel profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Upc Renewables Comparisons

Employees
+
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Competitors of UPC Renewables

UPC Renewables operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Octopus Energy, NextEra Energy, Duke Energy, ScottishPower and EDP Renewables, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.

Company Name Domain Founded year HQ Location Description
domain founded_year HQ Location
Utility bill management platform is provided for tracking and billing.
domain founded_year HQ Location
Developer of energy solutions
domain founded_year HQ Location
Renewable electricity is produced and distributed across multiple states.
domain founded_year HQ Location
Wind energy is generated, transmitted, and distributed by ScottishPower.
domain founded_year HQ Location
Generation of wind power
domain founded_year HQ Location
Energy company
Company Name Domain Founded year HQ Location Description
domain founded_year HQ Location
Multiple services are booked via an app-based platform.
domain founded_year HQ Location
On-demand services are booked through an app-based platform.
domain founded_year HQ Location
App based platform offering on demand delivery and ride-hailing services
domain founded_year HQ Location
Operates an on-demand hyperlocal delivery app for food and groceries.

Latest news on Upc Renewables

Frequently Asked Questions about UPC Renewables

When was UPC Renewables founded?

UPC Renewables was founded in 2007 and raised its 1st funding round 3 years after it was founded.

Where is UPC Renewables located?

UPC Renewables is headquartered in Miami, United States. It is registered at Miami, Florida, United States.

Is UPC Renewables a funded company?

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 11, 2010.

How many employees does UPC Renewables have?

As of Jun 30, 2024, the latest employee count at UPC Renewables is 63.

What does UPC Renewables do?

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.

Who are the top competitors of UPC Renewables?

UPC Renewables's top competitors include Octopus Energy, NextEra Energy and Neoen.

What products or services does UPC Renewables offer?

UPC Renewables offers Wind Projects, Solar Projects, BioEnergy, UPC Commodities, and UPC Capital Ventures.

Who are UPC Renewables's investors?

UPC Renewables has 7 investors. Key investors include Macquarie Group, Masdar, FMO, Ayala, and ACEN.

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