Venture capital funding up in Q3

WORLDWIDE: Wind venture capital funding up in Q3 with $57m in six deals after a weak Q2 had $17m in three deals.

Disclosed venture capital deals this quarter included $21.5 million raised by Mainstream Renewable Power and $15.3 million raised by Trishe Developers, according to global clean energy consultant Mercom in its report on wind sector funding and mergers and acquisitions activity for Q3 2012

Announced large-scale project funding in Q3 2012 totaled $1.1 billion in 11 deals, all going to onshore projects.

These include $350 million raised by Nareva Renouvelables and Kharabel FZE for its 300MW Tarfaya Wind Project in Morocco, $165 million raised by Alto Holding for its 120MW Karaburun Wind Farm in Turkey, and $141 million raised by NuPower Renewables for its 150MW onshore wind farm in India.

Corporate merger and acquisition activity in Q3 2012 amounted to $53 million in 11 transactions compared to $93 million in five transactions in Q2 2012.

There were four debt-funding deals announced in Q3 2012 totaling $359 million.

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