Deals worth about $2.4 billion were completed in the third quarter, more than four times the value of those in China and the second-highest total globally behind the US, data compiled by BloombergNEF show.
The momentum is being driven by India's push to build out local clean energy capacity to limit reliance on China, and the prospects of becoming an exporter of the technologies, said Raj Pai, founding partner of GEF Capital Partners, a climate-focused private equity fund. "The attractiveness of the climate sector for both public and private capital is very high," he said.
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