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Global solar sector funding flat at $4.6 bn in Jan-Jun; Q2 numbers halve

Announced debt financing came to $3 billion in 33 deals, as per the report

Press Trust of India  |  New Delhi 

Renewable energy, solar, wind

sector witnessed corporate funding of $4.6 billion globally in the first six months this year, marginally higher than the year-ago period, says a report.

Mercom Capital Group said the total corporate funding, including venture capital funding, public market and debt financing, stood at $4.6 billion in the first half of this year.

The funding amount was $4.5 billion in the January- June period of last year.

During the first six months of this year, there were 97 deals in the whereas there were 79 transactions in the same period a year ago.

Global VC funding (venture capital, private equity, and corporate venture capital) for the sector in first half of 2017 was $713 million spread over 45 deals.

The top VC deals during the first half of the current year included those involving Ventures, Greenko Energy Holdings, Hero Future Energies, Siva Power and Spruce

Announced debt financing came to $3 billion in 33 deals, as per the report.

During this period, there were 40 merger and acquisition transactions in the

The report said funding in the fell to $1.4 billion in the second quarter of 2017 as compared to $3.2 billion in the first quarter of the year.

"There is a great deal of uncertainty in the solar markets right now, which is reflected in funding activity. However, solar public companies, especially on the US stock markets, have done well this year," Mercom Capital Group CEO Raj Prabhu said.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Sun, July 16 2017. 15:05 IST