Corporate solar funding will reach $28.9 billion in 9 months of 2023
POWER & RENEWABLE ENERGY

Corporate solar funding will reach $28.9 billion in 9 months of 2023

Including debt financing, public market funding, and venture capital (VC) investments, the total global corporate funding in the solar sector during the first nine months (9M) of 2023 was $28.9 billion, up 55% YoY from $18.7 billion.

The figures were made public in the most recent 9M and Q3 2023 Solar Funding and M&A Report by Mercom Capital Group.

The number of agreements decreased by 5% YoY in spite of the spike in funding amounts. Compared to 131 deals during the same period in 2022, 124 agreements were announced during 9M 2023. In 9M 2023, there was a 4% YoY increase in worldwide venture capital funding activity, as per the study. Comparing this time to 9M 2022, when $5.5 billion was raised across 72 agreements, the data shows that a total of $5.7 billion was invested over 51 projects.

When it came to drawing venture capital investments, the downstream solar companies ruled the market. These corporations closed 28 deals between January and September for a total of $3.8 billion.

Including debt financing, public market funding, and venture capital (VC) investments, the total global corporate funding in the solar sector during the first nine months (9M) of 2023 was $28.9 billion, up 55% YoY from $18.7 billion. The figures were made public in the most recent 9M and Q3 2023 Solar Funding and M&A Report by Mercom Capital Group. The number of agreements decreased by 5% YoY in spite of the spike in funding amounts. Compared to 131 deals during the same period in 2022, 124 agreements were announced during 9M 2023. In 9M 2023, there was a 4% YoY increase in worldwide venture capital funding activity, as per the study. Comparing this time to 9M 2022, when $5.5 billion was raised across 72 agreements, the data shows that a total of $5.7 billion was invested over 51 projects. When it came to drawing venture capital investments, the downstream solar companies ruled the market. These corporations closed 28 deals between January and September for a total of $3.8 billion.

Related Stories

Gold Stories

Next Story
Products

Koemmerling opens Navi Mumbai experience centre

Koemmerling, a brand of the profine Group, has expanded its presence in the Mumbai metropolitan region with the opening of a new experience centre in Navi Mumbai and launched its Allure S46 minimal sliding door system for the Indian market.Located in CBD Belapur, the facility was inaugurated by Peter Mrosik, Owner and CEO, profine Group, along with Farid Khan, Chairman and Managing Director, profine India, and Kamal Bajaj, CEO, profine India.The company said the new centre will showcase its portfolio of uPVC and aluminium window and door systems to architects, developers and homeowners.The ina..

Next Story
Products

India's waterproofing market nears Rs 150 bn milestone

India's waterproofing industry is approaching a market size of Rs 150 billion and is expected to surpass the $2 billion milestone, according to speakers at the 2nd India International Waterproofers Conference & Expo 2026 organised by the Waterproofers Association of India (WAI) in New Delhi.The two-day event brought together more than 20 speakers, 55 international delegates and 53 exhibition booths, with discussions focusing on climate-resilient construction, advanced waterproofing technologies and international collaboration.Inaugurating the event, Durga Shanker Mishra, former Secretary, ..

Next Story
Real Estate

Dilip Buildcon Q1 FY27 Revenue at Rs 23.78 billion

Dilip Buildcon Limited reported consolidated revenue from operations of Rs 2,378 crore in Q1 FY27, along with EBITDA of Rs 429 crore and profit after tax of Rs 128 crore.Consolidated EBITDA margin stood at 18.1%, improving from 17.1% in Q4 FY26. On a standalone basis, revenue from operations was Rs 1,930 crore, EBITDA stood at Rs 199 crore and PAT was Rs 39 crore, with an EBITDA margin of 10.3%.The company’s order book stood at Rs 27,691 crore as of 30 June 2026, compared with Rs 28,830 crore as of 31 March 2026. Roads and highways accounted for 17.1% of the order book, irrigation and water ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement