Smart Grid Observer

Smart Grid Observer

Global Solar Corporate Funding Reaches $10 Billion in 2018


Source: Smart Grid Observer

100 GW of large-scale solar projects have been acquired since 2010

January 11, 2019 -- Mercom Capital Group, llc, a global clean energy communications and consulting firm, has released its annual report on funding and merger and acquisition (M&A) activity for the 2018 solar sector.

Global corporate funding into the solar sector, including venture capital and private equity (VC), debt financing, and public market financing totaled $9.7 billion (B) compared to the $12.8B raised in 2017.

'2018 was a year filled with uncertainties which started with Section 201 tariffs followed by an announcement from China that it was capping installations and reducing its feed-in-tariff. More bad news came from India which imposed safeguard duties on imports. Uncertainty stemming from the three largest solar markets in the world was reflected in equities of publicly-traded solar companies as well as fundraising activity during the year,” commented Raj Prabhu, CEO of Mercom Capital Group. 

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Also of Interest from SGO: 3rd Smart Cities International Symposium, January 22-24, 2019,  Chicago   >> visit website

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