Mercom Capital Group: Total Corporate Funding for Solar Sector Surges to $13.5 Billion in 1H 2021
Total corporate funding (including venture capital (VC) funding, public market, and debt financing) in 1H of 2021 came to $13.5 billion compared to $4.6 billion in 1H 2020, a 193% year-over-year (YoY) increase.
- Total corporate funding (including venture capital (VC) funding, public market, and debt financing) in 1H of 2021 came to $13.5 billion compared to $4.6 billion in 1H 2020, a 193% year-over-year (YoY) increase.
- In 1H 2021, VC funding was 680% higher, with $1.6 billion raised in 26 deals compared to $210 million in 14 deals 1H 2020.
- A total of 85 VC investors participated in solar funding in 1H 2021.
- In 1H 2021 there were 54 solar corporate M&A transactions compared to 25 in 1H 2020.