Corporate funding of the solar industry — including venture capital, public market, and debt financing — increased 190% globally through the third quarter of 2021, according to new analysis by Mercom Capital Group.
The report details 112 deals worth $22.8 billion in total corporate funding in the first nine months of 2021. There were 72 deals worth $7.9 billion over the same period last year.
“This will end up as one of the best years for solar financing since 2010,” said Mercom Capital Group CEO Raj Prabhu. “As the push toward the energy transition picks up speed worldwide, solar – one of the mature renewable energy resources – is benefitting enormously. Solar project acquisitions in the first nine months of 2021 have already surpassed all of 2020.”
