The total figure in the analysis – which was compiled by consulting firm Mercom Capital – includes venture capital funding and other equity financings, debt financings and announced project deals.
According to the report, wind venture capital funding dropped slightly to $135m in Q3 compared to $210m in Q2.
The largest venture capital deal in Q3 was by Mainstream Renewable Power, an independent project developer that raised $133m from Marubeni Corporation.
Other headline equity financing deals in the quarter were Brazilian utility Cemig’s $621m investment in project developer Renova Energia and $52m raised by wind developer Rabbalshede Kraft.
The total of announced large-scale project funding in the quarter was $3.7bn in 28 deals, compared with $3.2bn in 24 deals in Q2 of 2013.
Raj Prabhu, chief executive of Mercom Capital, said: “With the capital markets thawing and renewable energy industry maturing – especially wind and solar – we are seeing more IPO activity.”
There were also 14 merger and acquisition transactions, with the top deal being private-equity firm Actis acquiring 60 per cent of Atlantic Energias Renovaveis, a Brazilian renewable energy company, for $169m.
Other M&A deals included Canadian company Capstone Infrastructure buying Renewable Energy Developers for $70m, Poly LongMa Energy, a Chinese green energy conglomerate, acquiring a 75 per cent stake in Suzlon Energy’s China-based manufacturing subsidiary Suzlon Energy Tianjin, for $28m, and Italian wind developer ERG taking a 100 per cent stake in Maluni for $13.2m.
The largest project acquisition by amount in the quarter was by Greencoat UK Wind, which bought a portfolio of wind projects from BayWa for $113m.
The next biggest project acquisition was by US investment management firm BlackRock, which bought a 12 MW wind project in the UK from Renewable Energy Generation for $39m.