Venture wind investment slips

Brazilian utility Cemig has invested $621m in Renova Energia

Brazilian utility Cemig has invested $621m in Renova Energia

Venture capital investments in the wind industry slipped to $135m in the third quarter, down from $210m in the preceeding three months.

Total Q3 investment in the sector came in at $5.6bn, according to figures from US consultancy Mercom. including venture capital funding and other equity financings, debt financings and announced project financing deals.

Brazilian utility Cemig’s $621m investment in developer Renova Energia; Marubeni ’s $133m buy-in to Irish developer Mainstream Renewable Power and the $52m raised by wind developer Rabbalshede Kraftwerk were the stand-out venture capital deals in the quarter.

Total announced large-scale project funding from 59 investors in the quarter hit $3.7bn, via 28 deals, compared with $3.2bn from 24 deals Log in to read complete article.

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