According to Mercom Capital Group’s latest report, the total corporate funding (including venture capital/private equity, public market, and debt financing) in 9M 2019, for solar sector, was up with $9 billion raised, compared to the $6.7 billion raised in 9M 2018, a 34% increase year-over-year (YoY).
Corporate funding into the solar sector in Q3 2019 came to $3 billion, compared to $1.3 billion in Q3 2018.
Corporate funding activity so far this year is ahead of last year’s levels as demand outlook looks positive, and solar public companies continue to do well.
In 9M 2019, global VC funding (venture capital, private equity, and corporate venture capital) in the solar sector was 13% higher with $1 billion compared to $889 million raised in the first nine months of 2018.
A total of 88 VC investors participated in solar funding in 9M 2019.
A total of five IPOs in the solar sector have together brought in $1.3 billion in 9M 2019.
Announced debt financing activity in the first nine months of 2019 ($5.8 billion in 37 deals) was 43% higher compared to the first nine months of 2018.
However, Project acquisition activity was lower in 9M 2019, with 15.9 GW of solar projects acquired, compared to 23.6 GW acquired in the same period last year. In Q3 2019, a total of 34 projects for a combined 4.3 GW were acquired.
Reference- Mercom Capital Report, Mercom India