Announced large-scale project funding in the quarter totalled $1.1bn in 11 deals

Venture capital backing for wind is up in third quarter

Venture capital funding of global wind-power projects came in at $57m for 2012's third quarter, up from a weak $17m in the previous three months but significantly down on the $284m injected by VCs in the same period in 2011, according to a new report.

25 October 2012 9:52 GMT Updated 23 September 2016 11:39 GMT

By Darius Snieckus, Bristol

US consultancy Mercom Capital Group says the July-September quarter’s uptick covered a total of six agreements – the $21.5m raised by developers Mainstream Renewable Power (MRP) and $15.3m raised by Trishe Developers among them – when in the same period a year ago seven deals brought $284m into the sector.

Announced large-scale project funding in the quarter added up to a buoyant $1.1bn

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Venture capital backing for wind is up in third quarter