ADVERTISEMENT

Investment Into EU Solar Startups Soars

New Projects

pixabay

New research reveals total investment in European solar energy startups is up 398% compared to this time last year. Solar startups in Europe received USD 6 billion in backing in the first five months of 2023, compared with USD 1.2 billion raised by the same point in 2022.

Avnet Abacus, an electronics distributor, has produced the findings after analyzing Crunchbase data for companies listed in the solar energy category to provide insight on the level of funding going into the sector.

The average funding round for European solar startups in 2023 is at a record high of USD 166 million.

In other key findings by Avnet Abacus, globally investment in the solar sector is up 47%, with funding down 7% in the US so far this year. 

HuPRA's Report Highlights Crisis Comms Trends in 2023 Analysis

HuPRA's Report Highlights Crisis Comms Trends in 2023

Informal EU Foreign Ministers Meeting Moved from Budapest to... EU

Informal EU Foreign Ministers Meeting Moved from Budapest to...

Budapest Housing Market Grew Spectacularly in H1 Residential

Budapest Housing Market Grew Spectacularly in H1

CATL Debrecen Becomes Sponsor of Campus Festival In Hungary

CATL Debrecen Becomes Sponsor of Campus Festival

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.