Solar M&A, VC funding rebounds

Money pouring into the solar space rebounded strongly in the last quarter, and particularly in the US, as the powerful recent rally in PV shares brings confidence back to the market.

Total corporate funding across the global solar industry – including venture capital, debt financing and other equity raised by public companies – hit $2.18bn in the third quarter of 2013, compared to $915m during the same period last year, according to market researcher Mercom.

Venture capital funding bounced back to $207m, up from a multi-year low of $72m during the third quarter last year. As usual, the VC froth was centred on the US, where four of the top five deals were done, led by Solexel and eSolar.

Third-party solar finance companies, such as SolarCity and SunRun, disclosed $2.4bn in Log in to read complete article.

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