Profectus Capital wants to fund newer areas aligned to the government’s incentivized local manufacturing scheme. Founded in 2017 by Srinivasan, who was earlier the chief executive of Reliance Commercial Finance, Profectus is backed by private equity firm Actis.

Rezolv launched in 2022, backed by 500 million euros ($548.50 million) from British investor Actis. The renewable energy firm already has roughly 2 GW worth of wind and solar plants in Romania. Its 1 GW solar plant in the west of the country will be Europe's largest.

Government efforts to reduce carbon emissions are creating opportunities for clean-energy investors in developing countries. “I think it is a myth that the best regulatory systems are in developed markets," said Neil Brown, a partner at sustainable-infrastructure-investment firm Actis.

Lekela is the African continent's largest pure-play renewable energy Independent Power Producer (`IPP') with over 1 GW of fully operational wind assets. Mainstream and Actis today announced the completion of the sale of 100 percent of the Lekela platform to Infinity Power. transaction generates net proceeds to Mainstream of approximately USD 90 million, subject to certain closing adjustments.