Venture capital (VC) funding in the solar sector in the third quarter of 2012 was down to its lowest levels since the year it started in India i.e. 2008, totaling just $72 million in 14 deals compared to $376 million in 32 deals in second quarter of same year.
The major VC deal this quarter was concentrating photovoltaic (CPV) company SolFocus with $15 million funding. Most of the year-to-date VC funding went to solar downstream ($258 million) and thin film companies ($246 million).
This
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