Mercom Capital’s latest report shows sustained low levels of funding for solar companies but strong investment in solar projects and many acquisitions.
The section 201 case took a big bite out of corporate solar and large-scale project funding, and the quarter also saw a stunning $8.3 billion in reported mergers and acquisitions.
The latest report by Mercom Capital finds VC investment in battery storage companies rising five-fold year-over-year to $299 million in 12 deals.
According to a report released by Mercom Capital, venture capital firms showered battery storage companies with money to the tune of $714 million last year.
Venture capital, debt, securitization and project finance were all winners in 2017, as were solar stocks. However Mercom Capital warns that the pending Section 201 ruling could cause significant damage to the sector in 2018.
The panel manufacturer latest round of funding follows on its October 5 announcement of a $140 million funding agreement with True Green Capital Management for commercial projects in five states.
Mercom Capital’s latest report shows relatively robust funding for solar globally but a slowdown in the United States due to the Section 201 investigation.
Today, SolarWorld AG filed for insolvency in Germany, and it is unclear whether or not its U.S. subsidiary will also file. In the following interview, Mercom Capital CEO Raj Prabhu talks about what this means for the U.S. solar industry.
Total corporate funding across the global solar industry reached $3.2bn in the first quarter of the year, which is a 100% increase on Q4 2016. This rise is largely due to increased debt financing activity, said Mercom Capital Group CEO Raj Prabhu.
The PV Market Alliance has released its official solar installation figures for 2016, which show a 50% growth from 2015 with a total of 75 GW installed. This was mainly driven by a mammoth year of installations in China, although the future would seem less auspicious as the two biggest markets show signs of retraction.
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