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Global Corporate Funding In Solar Power Jumps 55% To $9.8 Billion In Q3 2014

July–September 2014 saw the highest corporate funding in the global solar power industry since Q1 2011, a recent report by Mercom Capital Group shows.

Total corporate funding that includes venture capital (VC), private equity (PE), debt financing, and public market financing raised by public companies increased to $9.8 billion in Q3 2014 compared to $6.8 billion in Q2 2014.

global solar VC funding chart

“Financing activity was strong all around this quarter whether you look at VC, debt or public markets, and it was the best fundraising quarter since Q1 2011. VC funding in solar has now crossed $1 billion in the first three quarters this year,” said Raj Prabhu, CEO of Mercom Capital Group.

Venture Capital funding was also down 28% to $326 million. The largest VC deal saw Sunnova Energy, a service provider in the residential solar power markets, raising $110 million. Other significant deals included Glasspoint Solar pocketing $53 million from a subsidiary of Shell to expand its solar-power enhanced oil recovery operations
More cleantechnica.com

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