Total corporate funding (including venture capital funding, public market and debt financing) in first-half 2020 came to $4.5 billion compared with $6 billion in first-half 2019, a 25 percent drop year-over-year.
“Financial activity in the first half of the year reflects the realities on the ground,” said Raj Prabhu, CEO of Mercom Capital Group. “Even though solar stocks have performed well, and corporate funding in the second quarter looked slightly better because of several securitization deals, global economies and solar activity are still far from being back to where they should be. Project acquisition activity, typically a sign of health in the sector, declined significantly in the second quarter.”
In first-half 2020, global venture capital funding (venture capital, private equity and corporate venture capital) in the solar sector was 74 percent lower, with $210 million compared with $799 million in first-half 2019.
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