Mercom Capital Group has released its annual report on funding and M&A activity for the solar sector, finding that total corporate funding, including from VC, public market and debt financing, increased 42% year-over-year in 2023.
The report further found $34.3B was raised in 160 deals, compared to $24.1B in 175 deals the previous year. Almost 45.4 GW of large-scale projects were acquired in 2023, with 35% of these being acquired by project developers and IPPs. Investment firms acquired 23%, followed by utilities with 17% of acquisitions.
“Investments into solar continue to defy expectations,” says Raj Prabhu, Mercom Capital Group CEO. “Despite high-interest rates and challenging market conditions, corporate funding in the sector was the highest in a decade. Debt financing also hit a decade high, and venture capital investments and public market financing recorded the second-highest amounts since 2010. Driven by the Inflation Reduction Act, the global focus on energy security and favorable policies worldwide, solar continues to attract significant investments.”
The post Mercom Reports Solar Companies Raise $34.3B in 2023 Corporate Funding appeared first on Solar Industry.
Mercom Reports Solar Companies Raise $34.3B in 2023 Corporate Funding
Exxon: We’re investing in innovative technologies to reduce carbon emissions while supporting the needs of heavy industry.
As a marketing consultant, here’s my advice to Exxon:
Keep your money in your pockets. There is no conceivable investment in public relations that will convince us, as stupid as we may be as a nation, that you care a damn about the health of our planet’s environment, or about the wellbeing of life on Earth.
Until this announcement, I think anyone would have said that Gallup, Inc., founded in 1935, had a solid reputation for honesty and integrity.
Yesterday, all that vanished in the blink of an eye.
Imagine you’re one of about 2000 employees located in one of about 35 offices around the world, including New York City, London, Berlin, Sydney, Singapore, and Abu Dhabi. How sickened would you be?
From “The Other 98”
Trump now wants Americans to believe that greenhouse gases don’t endanger human life, a claim that flies in the face of virtually every scientist on Earth. His administration just erased the EPA’s longstanding “endangerment finding,” the scientific and legal cornerstone that said carbon pollution warms the planet and harms human health. Without it, the EPA can no longer regulate greenhouse gases from factories, cars, or power plants, effectively stripping the federal government of its ability to combat climate change.
Trump is nothing if not predictable and consistent in his policies that fly into the teeth of science and cause grievous harm to our health.
Since science recognize vacci nations as safe and effective, why not appoint an anti-vaxxer to head up the Department of Health and Human Services?
Coal is by far the most toxic source of energy, so guess what Trump supports.
ExxonMobil Lowering Carbon Emissions? Sure.
Trump Administration Dropped Controversial Climate Report From Its Decision to Rescind EPA Endangerment Finding
Gallup Disappears into Ignominy
Guest post: Why China is still building new coal – and when it might stop
Guest post: Why China is still building new coal – and when it might stop
Bill Discounting Climate Change in Florida’s Energy Policy Awaits DeSantis’ Approval
-
Climate Change6 months ago
Guest post: Why China is still building new coal – and when it might stop
-
Greenhouse Gases6 months ago
Guest post: Why China is still building new coal – and when it might stop
-
Climate Change2 years ago
Bill Discounting Climate Change in Florida’s Energy Policy Awaits DeSantis’ Approval
-
Greenhouse Gases2 years ago嘉宾来稿：满足中国增长的用电需求 光伏加储能“比新建煤电更实惠”
-
Climate Change2 years ago
Spanish-language misinformation on renewable energy spreads online, report shows
-
Climate Change2 years ago嘉宾来稿：满足中国增长的用电需求 光伏加储能“比新建煤电更实惠”
-
Climate Change Videos2 years ago
The toxic gas flares fuelling Nigeria’s climate change – BBC News
-
Carbon Footprint2 years agoUS SEC’s Climate Disclosure Rules Spur Renewed Interest in Carbon Credits