solar

Clean energy consulting firm Mercom Group has published a report analysing funding, mergers and acquisitions by corporates in the solar industry.

Corporates have increased their funding in solar energy by 34% during the first nine months of 2019 compared to the same period last year.

The solar industry has seen up to $9 billion in funding in Q3 2019 up from $6.7 billion in Q3 2018.

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Global venture funding has reached $1 billion this year, a 135% increase from last year’s $889 million.

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Some 88 venture capital firms have participated this year.

Raj Prabhu, CEO at Mercom Group, said: “Corporate funding activity so far this year is ahead of last year’s levels as demand outlook looks positive, and solar public companies continue to do well. In Q3 2019, over $100 million in venture funding went to technology and manufacturing-focused companies, which is rare. Five IPOs and over a billion dollars in securitization deals so far this year have been the highlights.”

Other key findings of the report include:

  • Solar public market financing increasing by 25% from $1.8 billion in 14 deals last year to $2.25 billion in 13 deals this year.
  • Announced debt financing has reached $5.8 billion in 37 deals.
  • Some 15.9GW of solar projects acquired this year compared to 23.6GW in 2018.

Get the full report here...