TPG Rise Climate & MAVCO Acquire Siemens Gamesa's Onshore Wind Business in India and Sri Lanka (Vayona Energy)

TPG Rise Climate Acquires Majority Stake in Aurora Energy Research

June 4, 2025

Data & Analytics

TPG Rise Climate (TPG) has agreed to acquire a majority stake in Aurora Energy Research from CGE Partners, with CGE reinvesting alongside 22C Capital and Aurora management. Aurora — an Oxford-based energy market analytics and software platform serving utilities, governments and investors — will scale its data, analytics and software capabilities globally with TPG’s climate investing resources and 22C’s operational support.

TPG Rise Climate Acquires Majority Stake in A-Gas from KKR

August 17, 2023

Environmental Services

TPG Rise Climate, the climate investing strategy of TPG, has agreed to acquire a majority stake in A-Gas, the global refrigerant gas recovery and reclamation specialist. KKR will remain a significant minority shareholder and minority investor LDC will fully exit; the transaction is expected to close by the end of 2023 subject to customary approvals.

TPG Rise Climate Invests $150M in Palmetto

March 6, 2023

Renewable Energy

Palmetto, a technology-enabled residential solar and clean energy platform, raised $150 million from TPG Rise Climate to accelerate expansion of its software, product and operating platform. The investment will support growth of Palmetto's end-to-end residential solar capabilities and TPG Rise Climate's Steven Mandel will join Palmetto's board.

TPG Rise Climate and GIC to Acquire Techem Group for €6.7 billion

October 1, 2024

Energy

TPG Rise Climate (lead investor) and GIC (minority investor) signed an agreement to acquire Techem Group from majority owner Partners Group and co-investors CDPQ and Ontario Teachers' Pension Plan for approximately €6.7 billion. The deal, payable in two instalments, is expected to close in the first half of 2025 and will support Techem's expansion of its digital energy services platform across Europe and beyond.

TPG Rise Climate Acquires MIRATECH

September 4, 2024

Industrial Services

TPG Rise Climate, the climate investing strategy of TPG, has acquired MIRATECH Corp., a North American market leader in aftermarket emissions and noise reduction technology for stationary industrial engines. The seller was BP Energy Partners (portfolio company of BP Natural Gas Opportunity Partners II); TPG plans to leverage MIRATECH's engineering and manufacturing capabilities to expand products, end markets (including data center backup power), and geographic reach to support decarbonization efforts.

TPG Rise Climate Acquires Altus Power

February 6, 2025

Energy

TPG, through its TPG Rise Climate Transition Infrastructure strategy, acquired Altus Power, Inc. in an all-cash transaction at $5.00 per share, valuing the company at approximately $2.2 billion including outstanding debt. The deal—first announced on February 6, 2025—closed in April 2025, taking Altus Power private and positioning the company to scale its commercial-scale solar, energy storage and charging solutions.