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Renew | November 2014

VC funding in solar crosses $1 billion

India's solar industry has seen a number of merger and acquisitions. Hyderabad-based renewable energy company Fourth Partner Energy, which provides solar products and turnkey services for off-grid solar power installations, raised $3 crore from venture capital firm, The Chennai Angels. Boond Engineering and Development, a provider of clean energy products and services, recently closed an equity investment round led by Opes Impact Fund. These are part of a number of fundraising deals solar companies clinched in the September quarter.
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