Solar corporate funding down 23% so far this year
Total corporate funding in the solar industry reached $22.3 billion over the first nine months of 2024, representing a 23% year-on-year decrease. Mercom Capital Group says that while global uncertainties are affecting investor confidence, an increase in debt financing and resilience in newly-announced large-scale project funding remain bright spots for the sector.
Solar corporate funding rises 42% globally in 2023
Over $34.3 billion was raised over 160 deals, said a report from Mercom Capital.
First half 2023 total solar corporate funding increased 54% year-over-year
According to Mercom’s Solar Funding report almost 25.5 GW of solar projects were acquired in the first half of the year, totaling $18.5 billion.
Energy storage funding up 55%, 28 companies acquired in 2022
Mercom Capital’s annual M&A report shows that energy storage, along with smart grid and energy efficiency, is getting significantly increased investment attention.
Morning Brief: Nextracker CEO Dan Shugar on bifacial PV, plus NextEra’s massive energy storage plans
Also in this morning’s brief: Outback Power partners up for home resiliency, the top 10 global solar developers — plus NextEra is ready to construct Eagle Mountain, a 1,300 MW pumped storage project that is fully permitted and shovel-ready.
Battery storage funding climbs in 2018
Mercom Capital’s latest report shows both VC and public market funding for battery storage growing year-over-year.
Battery storage companies attract increasing investment
While total corporate funding was down in H1 2018, compared to a year earlier, due to lower investment in the Smart Gird and Efficiency categories, battery storage companies recorded an increase of 12%.
Global solar power funding slows during Q1, 7.7 GW of assets change hands
Mercom’s Q1 2018 report shows only $2 billion raised during the quarter, a 2/3 fall from the previous quarter and a decline on a year-over-year basis.
$400 million Microvast deal boosts battery storage funding during Q2
Mercom Capital’s latest report shows a jump in battery funding during Q2 2017, largely on the strength of one funding round.
Report: Global corporate funding of solar reached $4.6 billion in first half of 2017
Despite a robust first quarter, Mercom CEO Raj Prabhu says the uncertainty surrounding the Suniva trade case caused a dip in the second quarter and could have devastating effects going forward.
