Press Releases

Green Climate Ventures Announces Successful Exit from Windkinetic, Turns to Investments in Sustainable Business in Emerging Markets

Florence, Italy, 24 November 2020 – Today, Green Climate Ventures (GCV) ( announced the sale to FRIEM Spa of its equity stake in Windkinetic, a leading commercial and industrial clean energy system integrator. Financial terms of the transaction, which was finalized in September 2020, were not disclosed. 

Green Climate Ventures is an impact investment firm providing patient capital to early-stage renewable energy and rural electrification, smart cooling and agriculture businesses in emerging markets in Africa and Asia. GCV is actively seeking social impact ventures with innovative business models and technologies. 

Current portfolio companies include Nexus Energy, Sharepower, Off-Grid Consulting, with plans to invest in several new ventures in 2021.

GCV was founded by Claudio Pedretti, a veteran clean energy entrepreneur who also established Windkinetic in 2015 and built the company into a highly-regarded distributed renewable energy systems integrator. He is also an industry leader, currently serving as President of the Alliance for Rural Electrification (ARE) and as a Steering Committee member of REN21.

“Green Climate Ventures has deep technology, operations and finance experience in off-grid energy markets, and will be an ideal financial and strategic partner for early-stage start-ups in the clean energy and agriculture-related sectors,” said Mr. Pedretti.

About Green Climate Ventures

Established in 2019, Green Climate Ventures (GCV) aims to be a leading early-stage equity impact investor for social entrepreneurs in Asia and Africa engaged in renewable energy, agriculture and smart cooling. The core values of GCV are social equity and environmental protection. For more information visit,

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