September 16, 2026

A&G Energy Transition Tech Fund sells its stake in Green Eagle Solutions to Copilot Capital in the fund’s first divestment

Alternative Investments

[Press release]

A&G Energy Transition Tech Fund (ETTF), the venture capital fund managed by A&G Global Investors and dedicated to the energy transition and industrial transformation, has sold its stake in Green Eagle Solutions to Copilot Capital, which becomes the company’s majority shareholder. The transaction marks the fund’s first divestment since its launch and returns more than double the capital invested, with an annualised net return of close to 40%.

A&G ETTF acquired a stake in Green Eagle Solutions in late 2023, leading a funding round alongside other investors in the project, including SET Ventures and Kibo Ventures. The investment philosophy was clear: as renewable energy portfolios grew in size and complexity -combining wind, solar, hydro and storage in markets without regulated tariffs and with increasing grid demands- manual operation of the assets was no longer sustainable. Green Eagle did not offer just another monitoring tool, but a platform capable of automating critical operational processes, making decisions and taking action directly on the assets. This ability to operate large-scale energy infrastructure autonomously made its ARSOS platform a structural component of the electricity system’s operation, rather than a mere ancillary tool.

Founded in 2012 in Madrid by Alejandro Cabrera and Juan Fernández Riejos, the company has built a technology around ARSOS that can automate the key operational and control functions of large renewable energy portfolios, ranging from fault management and grid compliance to asset performance and electricity infrastructure. Today, Green Eagle has 66 employees and 45 clients, operates in 18 countries and manages 90 GW of wind, solar, hydro and battery assets, with over 10,000 turbines operating autonomously and more than one million automated actions carried out each month.

“When we first met Alejandro and Juan, Green Eagle was already a company with technology that was difficult to replicate and a demanding client base, but still had the challenge of becoming a global player ahead of it. Our work over the years has been to support them in making that leap: organising their growth, strengthening the team and expanding into markets outside Spain without losing focus on the product. The result is a Spanish company that today competes and succeeds in an international market” says Juan Diego Bernal, Managing Director of the technology division at A&G Alternative Investments and head of the A&G Energy Transition Tech Fund.

The investment by Copilot Capital, a private equity firm specialising in European software companies, marks the start of a new phase for Green Eagle focused on international expansion, with a particular emphasis on the US market, where the company has already secured two of the country’s largest energy producers as clients. The transaction also represents the fifth and final investment from Copilot Capital’s first fund, which has a pan-European focus.

“This is the first divestment from the A&G Energy Transition Tech Fund and confirms the philosophy on which it was founded: to support technology companies capable of accelerating the energy transition and industrial transformation, and to actively support them until they are established and achieve international scale. Returning more than twice the capital invested with an annualised net return of close to 40 per cent demonstrates that impact and financial return are not conflicting objectives. We continue to analyse and execute new investments using the same criteria” adds Alejandro Núñez, Managing Partner for Alternative Investments at A&G Global Investors.

The A&G Energy Transition Tech Fund is a fund classified under Article 9 of the European Sustainable Finance Disclosure Regulation (SFDR), which invests in technology companies with innovative models or products applied to the decarbonisation of the economy. Its international portfolio also includes other Spanish companies such as Open Cosmos, Sensia and LuxQuanta.