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
Doroni Aerospace says:
intelligently navigates every trip as the H1-X reaches speeds up to 120 mph with a 100-mile range.I like this! Untrained pilots flying through the airspaces of the 40K+ airports on Earth! What could go wrong? Where do I sign up?
The point made here is hotly contested.
Fox News will tell you that college professors were indoctrinated into progressivism when they were in college, and they’re simply passing all this down the line. This is why, they’ll go on to explain, that college is an evil force in our society, as it cranks out liberals.
FWIW, I agree with the commenter at the bottom. One finds a few intelligent and well-educated people in the MAGA crowd, very few. And the most obvious reason for this is that bright people can see through the layers upon layers of lies and criminality that emanate from Trump every hour of the day.
Occam’s Razor explains this very nicely to me.
Two things:
1) As far as I’m aware, these “Solar Flowers” exist nowhere on Earth. They’re certainly not in Los Angeles.
2) Engineers (and anyone with IQ of a turnip) are not split as their value; they have none.
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