According to reports, global venture capital (VC) funding in the wind sector increased to $455 million in 2013 compared to $315 million in 2012, according to Mercom Capital Group, llc, a global clean energy communications and consulting firm.
Total funding into the wind sector reached $28.1 billion in 2013, including VC funding, public market financings, debt financings and announced project funding deals. Mercom Capital said VC funding in Q4 2013 came to $93 million in six deals compared to $135 million in four deals the previous quarter.
There were seven downstream companies that raised a combined $374.3 million in 2013. Six small wind turbine manufacturers raised $68.8 million. One wind component company raised $6.2 million and three monitoring software companies raised $5.5 million.
The top VC funded company in 2013 was ReNew Power, an Indian wind project developer, which raised $135 million, followed by Mainstream Renewable Power, an independent renewable energy project developer, which raised $133 million.
NSL Renewable Power, also a project developer from India, raised $60 million and Ogin (formerly FloDesign), a manufacturer of small wind turbines, raised $55 million. Green Infra, a renewable power producer from India, raised $25 million.
Public market financings accounted for $5.8 billion in 17 deals in 2013 including six IPOs totaling $2.3 billion.
Announced large-scale project funding in 2013 amounted to $18.1 billion in 114 deals, compared to $14 billion in 72 deals in 2012.