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Global solar funding increases to USD 8.1 bln in Q1

Figures

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Total corporate funding in the global solar sector rose 21% quarter-over-quarter in the first three months of 2021 reaching USD 8.1 billion, Renewables Now says, citing a report by Mercom Capital Group llc.

Public market financing fell slightly to USD 2.8 billion from USD 3 billion in the fourth quarter of 2020, while announced debt financing rose to USD 4.3 billion from USD 2.9 billion. The total corporate funding numbers include venture capital (VC) funding, public market and debt financing.

According to Mercom chief executive Raj Prabhu, there is continued strong demand for solar assets as 14.6 GW of projects were acquired in the quarter. There were 82 large-scale solar project acquisitions, compared to 83 deals in the final quarter of 2020.

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