Wind Sector venture capital funding at $210 m in Q2 2013
Venture capital funding for wind power picked up significantly during second quarter of 2013 amounting to $210 million with the help of some large deals going to project developers in India compared to just $16 million last quarter. ReNew Power, an Indian wind project developer attracted $135 million from Goldman Sachs, which raised its total investment in the company to $385 million so far. NSL Renewable Power, also a project developer from India, received $60 million in funding from multiple investors. In two smaller funding deals, IDEOL, a designer and installer of foundations for offshore wind projects, raised $9.1 million, and $6.2 million was received by ROMO Wind, a wind technology company focused on improving wind turbine rotor function. Announced large-scale project funding in Q2 2013 totaled $3.2 billion in 24 deals compared to $6.2 billion in 29 deals in Q1 2013. There were a total of 42 investors that participated in project funding deals this quarter.