South Asia Clean Energy Fund

Equity : November 2010

The South Asia Clean Energy Fund (SACEF) is a closed-end limited partnership that targets companies active in the environment sector in South Asia.

Amount

€ 3,744,000.00

Type of investment

Equity

Development impacts

  • Local economic growth
  • Access to basic services & goods
  • Fight against climate change and preservation of natural resources

Beneficiary locations

Asia: India

Investment field

Investment Companies & Funds

Activity

SME Fund

Organisation

South Asia Clean Energy Fund

Domicile

Canada

The investee companies will be active in the following sectors: environmental products and services, energy efficiency technology and services, renewable energy generation.

The fund will be managed by South Asia Clean Energy Management, a 100% subsidiary of GEF Management Corporation. Created in 1990, Global Environment Fund has over 20 years of domain knowledge and experience in investing in the environment sector and services. They have managed more than $1 billion investments worldwide in the sector over the last 12 years.

Development impacts

  • Local economic growth

    Access to long-term financing for SMEs

  • Access to basic services & goods

    The fund will be active in waste management, water, transmission and distribution, green building.

  • Fight against climate change and preservation of natural resources

    As the fund targets clean technologies, energy efficiency projects and renewable energy, the development and social impacts are quite straightforward in countries suffering from an important energy supply-demand gap.

Made possible through this investment

Thanks to the direct funding from BIO, the following second-line investments have been made possible.

Integrated Clean Room Technologies Pvt. Ltd.

India

Integrated Cleanroom Technologies Private Limited was established in 2003 primarily to meet the requirements of Cleanroom Customers, which were until then serviced through imports. The solutions from ICLEAN were readily accepted by the customers. ICLEAN with its unflinching focus on customer requirements evolved into the largest cleanroom partition manufacturers in India.

KALKI Communication Technologies Ltd.

India

Kalkitech is a smart grid solutions provider that helps energy utilities across the globe improve energy efficiency. We provide standards-based technology solutions ranging from Advanced Metering and Distribution Automation to Wide Area Monitoring, Substation Automation and Power Plant Optimization.

Shakti Pumps Limited

India

As India's leading manufacturer of energy efficient submersible pumps, Shakti Pumps creates its products for a number of sectors including agricultural, industrial, domestic and horticultural.

Rishabh Instruments Pvt. Ltd.

India

Rishabh Instruments Pvt. Ltd. is an organization that has built its core competence in manufacturing, design and development of Test and Measuring Instruments and Industrial Control Products.

Concord Enviro Systems Pvt. Ltd.

India

Concord Enviro was formed in 1991 with an aim to bring Reverse Osmosis Technology to the Indian Market. In its 25 years of existence, Concord has partnered with various product companies to deliver solutions around water and wastewater recycle to Industries, Government, Defense establishments etc. The solution has always centered around an approach to make the existing process more efficient and sustainable.

ReNew Power Ventures Pvt. Ltd.

India

ReNew Power Private Limited (‘ReNew Power’) is India’s largest renewable energy Independent Power Producer with a capacity of over 7 GW, of which more than 4 GW is operational. ReNew Power has utility scale wind and solar energy projects as well as distributed solar energy projects that generate energy for commercial and industrial customers.

View more of our investments in this region

Ventureast Proactive Fund II

Investment Companies & Funds

Ventureast Proactive Fund II

  4,300,000.00

  India

  06/11/2017

  Equity

Annapurna Microfinance Pvt. Ltd

Financial Institutions

Annapurna Microfinance Pvt. Ltd

  1,942,313.00

  India

  27/06/2016

  Equity

Annapurna Microfinance Pvt. Ltd

Financial Institutions

Annapurna Microfinance Pvt. Ltd

  3,459,250.00

  India

  19/03/2014

  Equity

Berkeley Wind Energy Mauritius

Infrastructure

Berkeley Wind Energy Mauritius

  3,000,000.00

  India, Philippines, Sri Lanka

  27/06/2011

  Equity

Srei Equipment Finance Private Limited

Financial Institutions

Srei Equipment Finance Private Limited

  8,808,720.00

  India

  26/02/2019

  Debt

Renewable Energy Asia Fund II

Investment Companies & Funds

Renewable Energy Asia Fund II

  8,900,000.00

  India, Indonesia, Philippines

  03/10/2016

  Equity

Renewable Energy Asia Fund

Investment Companies & Funds

Renewable Energy Asia Fund

  6,000,000.00

  India, Philippines

  09/12/2009

  Equity

Ventureast Proactive Fund I

Investment Companies & Funds

Ventureast Proactive Fund I

  3,632,000.00

  India

  07/02/2008

  Equity

South Asia Growth Fund II

Investment Companies & Funds

South Asia Growth Fund II

  8,700,000.00

  Bangladesh, India

  10/05/2019

  Equity

Kaizen Private Equity II

Investment Companies & Funds

Kaizen Private Equity II

  8,338,200.00

  India

  12/11/2018

  Equity

Omnivore Partners India Fund 2

Investment Companies & Funds

Omnivore Partners India Fund 2

  4,367,820.00

  India

  15/04/2019

  Equity

Srei Equipment Finance Private Limited

Financial Institutions

Srei Equipment Finance Private Limited

  5,000,000.00

  India

  21/08/2002

  Debt