Solar corporate funding hits decade-long high in 2023

PV funding activity increased by 42% year-on-year in 2023, driven by strong growth in private market financing and debt financing, despite a decrease in the total number of deals, according to Mercom Capital Group.Solar companies raised $34.3 billion in corporate funding last year - the largest amount in a decade, according to Mercom Capital Group's latest report on funding and merger and acquisition (M&A) activity for the sector. The overall figure accounts for 160 deals and represents a 42% year-on-year increase from 2022, when $24.1 billion was made across 175 deals. Funding from private marketing ...

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