Photo: sPower

Global Q2 corporate solar funding off 41% - Mercom Capital

Total corporate funding into the global solar sector, including venture capital funding and public market and debt financing, declined 41% compared to $2.8bn raised in the first quarter, according to Mercom Capital Group.

4 August 2016 18:58 GMT Updated 25 October 2016 15:57 GMT

By Richard A. Kessler in Fort Worth

The clean tech communications and research firm says 32 deals occurred in the second quarter, down from 45 in the previous period.

Second quarter activity was also sluggish compared with 2015 when $5.9bn in deals were done in the second quarter, $6.2bn in the third quarter and $6.9bn in the fourth quarter.

The data was part of Mercom’s Q2 2016 Solar Funding and M&A Report.

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