Corporate funding within the solar sector increased from $9.7 billion in 2018 to $11.7 billion in 2019.
Other key findings include:
- In total, solar energy projects acquired since 2010 reached 126 GW.
- The global venture capital funding came to $1.4 billion from $1.3 billion the previous year. 53 deals were closed in 2016 compared to 65 in 2018.
- In 2019, announced debt financing came to $7.8 billion versus $6 billion in 2018. There were eight securitisation deals totalling $1.6 billion in 2019.
- Public market financing in 2019 came to $2.5 billion compared to $2.3 billion in 2018.
- There were 65 merger and acquisition transactions in the solar sector in 2019 compared to 82 in 2018.
- There were 192 large-scale solar project acquisitions for 26GW in 2019 compared to 218 for 29GW in 2018.
Raj Prabhu, CEO of Mercom Capital Group, said: “Financial activity was up across the board in the solar sector in 2019 with venture funding, public market, and debt financing all increasing year-over-year. Solar equities also had a great year with six solar IPOs around the world. These notable metrics, along with robust debt financing activity including securitisation deals, rounded off a strong year for the sector.
“Investment firms acquired over 30 GW of large-scale solar projects in the past five years, a reflection of solar’s attractiveness as a long-term, low-risk investment.”
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