corporate financing

Corporate financing in the solar sector reached US$8.1 billion in the first quarter of 2023, according to energy analyst Mercom Capital.

LevelTen Energy has reported an increase in the value of solar PPAs signed in North America, and a slight decrease for those signed in Europe.

Corporate financing in the solar sector rose 42% in 2023 compared with 2022, according to Mercom Capital.

US solar and storage developer Strata Clean Energy has secured a US$300 million revolving loan and letter of credit facility to develop its diversified project pipeline of over 17GW.

Tech and delivery giant Amazon has added over 1GW of solar PV and wind capacity to its operations in Europe so far in 2023.

Total corporate funding in solar increased 190% in the first nine months of this year, with US$22.8 billion raised in 112 deals compared with US$7.9 billion in 72 deals in the same period last year, according to a Mercom Capital Group report.

Telecoms giant secures deals with Lightsource BP, Invenergy, EDF Renewables and NextEra Energy Resources on six US solar projects under development.

Corporate investment in solar projects reached US$10 billion in the second half of last year, recovering from economic shock induced by COVID-19, new research by Mercom has revealed.