PE investment in wind, solar up 47 in 2017
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PE investment in wind, solar up 47% in 2017

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. 
As far as wind energy is concerned, experts say the wind sector was at an inflection point. As the underlying sector economics remain strong, this platform is well poised to add capacity on the ground and create value for both shareholders thanks to the improving wind technology yields. The sector also gave some returns for the investor.