The total corporate funding into the global solar sector increased by 55% in Q1 2023 compared with Q4 2022, and 11% year-on-year compared with the same period in Q1 last year.
Total corporate funding of solar fell by 7% year-on-year to US$7.5 billion in Q1 2022, with Mercom Capital warning of “significant headwinds” that could slow momentum considerably.
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.
Mercom: Rising allocations from debt players, private equity, venture capital and public markets helped global industry raise US$9bn between January and June 2019.
Mercom: US$300m ReNew Power deal and stock exchange listings help industry raise US$6bn in H1 2019 from venture capitalists, public markets and debt providers.
Global corporate funding in the solar industry reached US$25.3 billion in 2015, with a record year for residential and commercial solar, according to consultancy firm Mercom Capital.
