It was not a pretty year for solar finance, but some sectors remained unscathed.
Solar industry analyst Mercom Capital has reported encouraging annual solar installation forecasts of 76 GW across the globe for 2016, driven by record-breaking installation figures from China, while the anticipated slow-down in 2017 is now expected to be less dramatic than originally thought, with forecasts of 70 GW.
Latest Mercom Capital report finds that just $102 million in VC funding for smart grid, battery storage and efficiency sectors was raised in Q3, down from $433 million in Q2. Project funds for residential and commercial storage soars, however.
The moment of truth is coming for the consolidation of Elon Musk’s clean energy empire.
On Sunday, the boards of Tesla Motors and SolarCity agreed to the terms of Tesla’s acquisition of the solar company. And while this deal is still awaiting votes by shareholders of both companies to go forward, there are indications that this may come soon. pv magazine USA spoke with Mercom Capital CEO Raj Prabhu about the evolution of this deal, and what to expect.
Both private equity and debt funding were down significantly in Q2 and public market financing remains weak, but distributed solar project funds continue to boom.
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