Breaking News

Global funding of solar sector hits $12.8bn in 2017 – Report

Kindly Share This Story:

Globally, corporate funding into solar sector in 2017 experienced some growth amounting to $12.8 billion which represented a 41 per cent jump over the previous year.

Solar power plant

This showed an increase of 41 per cent against $9.1 billion raised in 2016, according to global clean energy communications and consulting firm, Mercom Capital Group.

Total global corporate funding into the solar sector, including venture capital/private equity, debt financing, and public market financing stood at $12.8 billion last year.

“A strong fourth quarter pushed overall funding higher in 2017,”

Raj Prabhu, CEO and Co-Founder of Mercom Capital Group, disclosed in a release.

Higher installation levels around the world, strong debt financing activity, and over a billion dollars in securitisation deals and other factors helped the solar industry have a much better year in terms of financial activity compared to 2016, he added.

Kindly Share This Story:
All rights reserved. This material and any other digital content on this platform may not be reproduced, published, broadcast, written or distributed in full or in part, without written permission from VANGUARD NEWS.


Comments expressed here do not reflect the opinions of vanguard newspapers or any employee thereof.
Do NOT follow this link or you will be banned from the site!