The wind energy sector which saw offshore turbines and bladeless turbines emerge as niche upcoming sectors drawing most funding saw round count climb in 2016 in the seed and early stages by 100% and 12.5% respectively and a drop in the late stage by 35%.
Total funding dollars dipped by a marginal 10% from the previous year as Greenko Group’s PE round of $230M and ReNew Power Ventures’ Series C round of $200M constitute top investments made in this sector till date.
Funding dollars fell for both early and late stages whereas, for seed, they surged by a whopping 600%. Average ticket size soared for both seed and Series A by 200% and 6% respectively while it dropped by 27% for Series B investments.
In the last three years, eight companies have gone public as 14 acquisitions marked the space since the past year with GE buying LM Wind Power for $1.7B being the biggest disclosed deal value. Independent Power Producers have historically been the most funded business model with $8.6B having been invested in this space till date.
Note: You can download the full-version of this report here.