GEAR Foundation Competitors

Adani Green Energy Limited (AGEL) is India’s largest renewable energy company playing a vital role in enabling the clean energy transition. The company develops, owns, and operates utility-scale grid-connected solar, wind, hybrid, and hydro-pumped storage renewable power plants. With an operating renewable capacity of over 20 GW spread across 12 states, the company is committed to its target of achieving 50 GW by 2030 aligned with India’s decarbonization goals. The company is focused on leveraging technology to reduce the Levelized Cost of Energy (LCOE) and facilitate the widespread adoption of affordable clean energy. AGEL’s operating portfolio is certified “water positive for plants of more than 200 MW capacity”, “single-use plastic free” and “zero waste-to-landfill”, showcasing its commitment to sustainable growth.

The Indian Institute of Science (IISc) was founded in 1909 as a result of the joint efforts of Jamsetji Nusserwanji Tata, the Government of India, and the Maharaja of Mysore. In 1886, Jamsetji Tata conceived of a university of science that would work for the benefit of India, and in 1898 created an endowment for establishing such an institution. The Government of India then took up the effort, and, in consultation with scientists in England and in India, decided to locate the Institute in Bengaluru, where the Maharaja of Mysore, Shri Krishnaraja Wodeyar IV, donated 372 acres of land. The Institute was formally vested in 1909, the foundation stone was laid in 1911, and the first batch of students started their studies in the same year. Over the last century, IISc has become the premier institute for advanced scientific and technological research and education in India. Beginning with 2 departments and 21 students in 1911, today IISc has 39 departments, units, or centres, 3500 students, and about 500 academic and scientific staff, supported by 600 administrative personnel. About 2200 students are in various PhD programs, almost 900 are enrolled for various Masters degrees, whereas about 400 are registered in the newly established, research oriented, four-year Bachelor of Science (Research) programme. In recent years, the Institute has vigorously promoted interdisciplinary research. New centres such as the CiSTUP, the Robert Bosch Centre for Cyber Physical Systems and a new Centre for Brain Research (funded by a large private endowment) are expected to conduct translational research in their respective areas, in order to better connect with industry and society. With the recent construction of modern buildings, acquisition of new research facilities, and induction of a large number of new faculty members, the Institute can look forward to an era of high productivity, increasing impact, and rising prominence in the world.

ReNew Power, founded by Mr. Sumant Sinha, in 2011, is the leading renewable energy company in India and 10th largest in terms of operational capacity, globally. A Nasdaq listed company under ticker RNW; ReNew develops, builds, owns, and operates utility-scale wind energy projects, utility-scale solar energy projects, utility-scale firm power projects, and distributed solar energy projects. With a total capacity of more than 10GW (including projects in pipeline), ReNew Power’s solar and wind energy projects are spread across 110+ sites, with a presence spanning 8 states in India, contributing to 1.4% of India’s power capacity. Consequently, this has helped to avoid 0.5% of India’s total carbon emissions and 1.1% India’s total power sector emissions. In 10 years of its operation, ReNew Power has generated almost 1 lakh jobs, directly and indirectly. The company has achieved market leadership in the Indian renewable energy industry against the backdrop of the Government of India’s policies to promote growth of this sector. ReNew’s current group of stockholders contains several marquee investors including Goldman Sachs, CPP Investments, Abu Dhabi Investment Authority, GEF SACEF and JERA. ReNew Power’s mission is to play a pivotal role in meeting India’s growing energy needs in an efficient, sustainable, and socially responsible manner. ReNew Power is committed to providing clean, safe, affordable, and sustainable energy for all and has been at the forefront of leading climate action in India.