In a reflection of investors’ aversion towards Indian power projects using conventional fuel such as coal and gas, no private-equity (PE) firm pledged investment in the space all through the last calendar year.
But the renewable energy sector that includes wind and solar power saw 12 PE deals valued at $325.1 million (about Rs.1,765.30 crore) in the 2012 calendar year, according to VCCEdge, an investment tracker.
In the same period of the previous year, the power sector saw 27 deals valued at $1.19 billion, of which six were for conventional fuel-based projects.
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