 "Solar panel")
The renewable energy sector in India has witnessed a spike in private equity (PE) flows in 2017, despite facing challenges like plunging tariffs and policy modifications.
PE flows into wind and solar power jumped 47 per cent to $920 million — involving nine deals — during January 1-September 25 this year, compared to $630 million across 10 deals during the corresponding period last year, according to Venture Intelligence data. This is the second-best year in terms of PE flows into the sector after 2015, when it attracted $979 million across 14 deals.
Some of the major deals reported in 2017 include Macquarie’s $250-million investment in Hindustan Powerprojects, $200 million by IDFC Alternatives in First Solar, $2500 million by JERA in ReNew Wind
