Corporate funding in solar sector up 21% at $8.1 b in Q1 2021: Mercom Capital
April 19, 2021
This the result of higher debt and public market financing activity in the quarter
Total corporate funding, including venture capital funding, public market, and debt financing, in the solar sector in Q1 2021, added up to to $8.1 billion in 36 deals, a 21 per cent increase compared to $6.7 billion raised in 43 deals in Q4 2020.
The increase in corporate funding was primarily due to higher debt and public market financing activity in the first quarter of 2021, according to a Mercom Capital report.
“Financing activity in the solar sector started strong in 2021 with Q1 numbers up substantially year-over-year. Even though solar stocks lost some of their spark in the first quarter after an unprecedented run in 2020, a big IPO and record securitisation activity lifted overall fund-raising totals. Solar assets continue to be in great demand with almost 15 GW of projects acquired in Q1,” sa
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