mercom capital

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

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

Financing for the solar sector grew 55% in the first nine months of 2023 compared with the equivalent period last year.

There was a more than fourfold increase in corporate solar funding in Q1 2021 compared with the same quarter last year, amid strong demand for PV assets globally, according to new analysis by Mercom Capital.

Corporate solar funding fell by 25% year-on-year to US$4.5 billion in the first half of 2020, but the decline could have been much starker, new analysis by Mercom Capital has found.