You are here: Home » Companies » Industry
Business Standard

Corporate funding in solar sector stands at $2.4 bn in Q3, says report

The figures include venture capital funding, public market and debt financing

Press Trust of India  |  New Delhi 

Solar industry corporate funding
corporate funding in the solar sector grew 74% compared to Q2 2017

attracted worth USD 2.4 billion in the third quarter of 2017, lower than the fund flows registered in the year-ago period, says a report.

consulting firm Group has said that the funding amount stood at USD 3 billion in the three months ended September 2016.


However, in comparison with the second quarter of this year, the amount rose in the latest third quarter.

"During Q3 2017, in the grew 74 per cent compared to Q2 2017, with USD 2.4 billion raised in 45 deals. In Q2 2017, USD 1.4 billion was raised in 37 deals," said in a release.

The figures include venture capital funding, public market and debt financing.

In the first nine months of this year, the total in the reached USD 7.1 billion compared to USD 7.5 billion recorded in the same period a year ago.

First Published: Mon, October 16 2017. 21:17 IST
RECOMMENDED FOR YOU