TPG Alternative & Renewable Technologies

TPG Alternative & Renewable Technologies is a dedicated growth and late-stage venture vehicle of TPG, a leading global alternative asset management firm. Established to develop and deploy alternative and renewable technologies across various sectors, the firm leverages TPG's extensive experience in private equity, venture capital, real estate, credit, and impact investing.

The firm's investment strategy emphasizes collaboration, innovation, and inclusion, targeting sectors such as technology, healthcare, consumer, media and telecommunications, industrials, travel, leisure, energy, financial services, real estate, infrastructure, renewable energy, climate solutions, impact investing, and energy storage. TPG Alternative & Renewable Technologies focuses on growth, late-stage, pre-IPO, buyout, turnaround, and distressed investments, with a geographical focus on the United States, India, Sri Lanka, Spain, Chile, Colombia, and Mexico.

TPG Alternative & Renewable Technologies has a track record of significant investments in the renewable energy sector. In December 2025, the firm, along with MAVCO, completed the acquisition of Siemens Gamesa's onshore wind business in India and Sri Lanka, forming Vayona Energy, a leading wind turbine Original Equipment Manufacturer in the region. Additionally, in September 2024, TPG Rise Climate, the firm's dedicated climate investing platform, led a $645 million funding round for Twelve, a carbon transformation company focused on converting captured carbon dioxide into valuable chemicals and fuels.

These investments underscore TPG Alternative & Renewable Technologies' commitment to advancing sustainable and impactful solutions in the energy sector.