July 26, 2012. The global Venture Capital (VC) funding in the wind sector reached $17 million in the second quarter this year, driven by India's ReGen Powertech which raised nearly half of the total kitty. According to Mercom Capital Group, a communications and consulting firm, the top VC deal this quarter was the $9.8 million raised by India's ReGen Powertech, a manufacturer of wind turbines. The global venture capital funding in the second quarter of 2012 amounted to $17 million just in three deals, a significant slump from the previous quarter when there were as many as 12 VC funding deals worth $240 million. Announced large-scale project funding in the June quarter this year totalled $5.4 billion in 23 deals. Of that, $4 billion went to onshore projects and $1.4 billion went to offshore projects. The top project funding deals globally for the second quarter also included India's Beta Wind Farm, which raised $50 million by Nordic Investment and AXIS Bank for seven wind turbine parks in India. Five of the seven units are being constructed in the state of Tamil Nadu, and the remaining two units will be built in Andhra Pradesh and Gujarat. Some other top project funding deals included $444 million raised by Invenergy for its 200 MW California Ridge Wind Energy Project, and $379 million raised by Iberdrola and Neoenergia for 10 wind farms totaling 288 MW.