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The renewable energy sector in India has witnessed a spike in PE (private equity) flows in 2017, despite facing challenges like plunging tariffs and policy modifications. PE flows into wind and solar power jumped 47 per cent to $920 million involving nine deals during January 1-September 25 this year, compared to $630 million across 10 deals during the corresponding period last year, according to Venture Intelligence data. This is the second-best year in terms of PE flows into the sector after 2015, when it attracted $979 million across 14 deals.