+
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
Real Estate

Peninsula Land launches 19 luxury villas in Pune

Pune’s residential landscape is witnessing a shift as premium homebuyers increasingly seek larger spaces, privacy and independent living options beyond high-rise apartments. Addressing this demand, Peninsula Land Limited, part of the Ashok Piramal Group, has launched AshokVillas, an exclusive collection of 19 premium furnished villas in Gahunje, Pune.The development combines the independence of a standalone home with the convenience and security of a managed residential community. Designed around low-density horizontal living, AshokVillas offers residents private spaces while providing acces..

Next Story
Infrastructure Urban

MyBranch Expands South India Network with 16 Workspace Centres

MyBranch has expanded its South India presence with a 50,000 sq ft flexible workspace network comprising 16 centres across 14 cities in Andhra Pradesh, Karnataka, Tamil Nadu and Telangana.The expansion reflects growing demand for flexible office infrastructure as businesses establish regional teams, satellite offices and operations beyond traditional metropolitan markets. MyBranch’s network spans Bengaluru, Coimbatore, Guntur, Hanamkonda, Hubballi, Hyderabad, Madurai, Mangaluru, Rajahmundry, Salem, Tirupati, Vellore, Vijayawada and Visakhapatnam, with a large office space in Chennai also und..

Next Story
Building Material

Walplast Launches Moisture-Resistant Gypsum Plaster Solutions

Walplast Products Pvt. Ltd. has expanded its HomeSure GypEx portfolio with the launch of GypEx MoistShield and GypEx Gold, two gypsum plaster solutions designed to address moisture-prone applications and improve plastering efficiency.The new products have been developed in response to the growing demand for faster construction processes, improved material performance and consistent surface quality. The solutions aim to simplify interior plastering while addressing specific application requirements across construction environments.“Through HomeSure GypEx MoistShield and GypEx Gold, we are exp..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code