{"id":4639,"date":"2023-07-20T07:15:31","date_gmt":"2023-07-20T07:15:31","guid":{"rendered":"https:\/\/shoonya.com\/blog\/?p=4639"},"modified":"2023-07-20T07:15:32","modified_gmt":"2023-07-20T07:15:32","slug":"corporate-funding-for-global-solar-sector-surges-54","status":"publish","type":"post","link":"https:\/\/shoonya.com\/blog\/corporate-funding-for-global-solar-sector-surges-54\/","title":{"rendered":"Shining Bright: Corporate Funding for Global Solar Sector Surges 54% to $18.5B in January-June- Mercom Report"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_87 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\"><p class=\"ez-toc-title\" style=\"cursor:inherit\"><\/p>\n<\/div><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/shoonya.com\/blog\/corporate-funding-for-global-solar-sector-surges-54\/#Key_Highlights\" >Key Highlights<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/shoonya.com\/blog\/corporate-funding-for-global-solar-sector-surges-54\/#Resilient_Solar_Industry_Amidst_Financial_Market_Challenges\" >Resilient Solar Industry Amidst Financial Market Challenges<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/shoonya.com\/blog\/corporate-funding-for-global-solar-sector-surges-54\/#Solar_Sector_Global_VC_Funding_Reaches_38_Billion_in_H1_2023\" >Solar Sector: Global VC Funding Reaches $3.8 Billion in H1 2023<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/shoonya.com\/blog\/corporate-funding-for-global-solar-sector-surges-54\/#Solar_Sector_in_India_Notable_VC_Funding_in_Indias_Solar_Companies\" >Solar Sector in India: Notable VC Funding in India&#8217;s Solar Companies<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/shoonya.com\/blog\/corporate-funding-for-global-solar-sector-surges-54\/#Global_Debt_Financing_Surges_to_8_Billion\" >Global Debt Financing Surges to $8 Billion<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/shoonya.com\/blog\/corporate-funding-for-global-solar-sector-surges-54\/#Strong_Performance_of_Solar_Public_Market_Financing\" >Strong Performance of Solar Public Market Financing<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/shoonya.com\/blog\/corporate-funding-for-global-solar-sector-surges-54\/#Vibrant_Energys_Wind-Solar_Hybrid_Projects_Secure_268_Million\" >Vibrant Energy&#8217;s Wind-Solar Hybrid Projects Secure $268 Million<\/a><\/li><\/ul><\/nav><\/div>\n\n<p class=\"wp-block-paragraph\">According to a recent Mercom Capital report, corporate funding in the global solar sector experienced a remarkable 54% increase, reaching a total of $18.5 billion in the January-June period. The report also highlighted that this corporate funding includes venture capital, public market, and debt financing.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Key_Highlights\"><\/span><strong>Key Highlights<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Corporate funding in the global solar sector grows 54% YoY, reaching $18.5 billion in H1 2023 &#8211; Mercom report.<\/li>\n\n\n\n<li>Cleantech, including solar, attracts VC interest despite tightening financial markets and high-interest rates.<\/li>\n\n\n\n<li>Global VC funding in the solar sector reaches $3.8 billion through 33 deals in H1 2023.<\/li>\n\n\n\n<li>The global debt financing sector sees a total of $8 billion in funding, a 60% increase from H1 2022.<\/li>\n\n\n\n<li>Solar public market financing in H1 2023 stands at $6.7 billion, marking a 103% growth from H1 2022.<\/li>\n\n\n\n<li>Vibrant Energy secures $268 million for wind-solar hybrid projects in Madhya Pradesh and Karnataka.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Resilient_Solar_Industry_Amidst_Financial_Market_Challenges\"><\/span><strong>Resilient Solar Industry Amidst Financial Market Challenges<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Despite facing tight financial market conditions and high-interest rates, the global solar industry showcased its resilience during the first half of the year. This strength was particularly notable in the clean technology (cleantech) sector, which, alongside AI, continues to attract significant venture capital interest. One driving force behind this demand surge is the Inflation Reduction Act in the US, leading to increased interest-rate sensitive public markets and debt financing. Raj Prabhu, the CEO of Mercom Capital Group, shared these insights.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Solar_Sector_Global_VC_Funding_Reaches_38_Billion_in_H1_2023\"><\/span><strong>Solar Sector: Global VC Funding Reaches $3.8 Billion in H1 2023<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">In the period of January to June 2023, the global venture capital (VC) funding for the solar sector amounted to $3.8 billion, as reported through 33 deals. Comparing this with the first half of 2022, there was a moderate 3% increase from the $3.7 billion secured through 53 deals.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Solar_Sector_in_India_Notable_VC_Funding_in_Indias_Solar_Companies\"><\/span><strong>Solar Sector in India: Notable VC Funding in India&#8217;s Solar Companies<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">In India, several solar companies managed to raise significant venture capital funding during this period. CleanMax Solar secured an impressive $360 million, Navitas Solar obtained $5 million, and Prozeal Infra Engineering secured $4 million in VC funding.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Global_Debt_Financing_Surges_to_8_Billion\"><\/span><strong>Global Debt Financing Surges to $8 Billion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The global debt financing sector witnessed a substantial surge, raising a total of $8 billion from 33 deals in the first half of 2023. This marked a notable 60% increase from the $5 billion raised through 30 transactions during the corresponding period in 2022.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Strong_Performance_of_Solar_Public_Market_Financing\"><\/span><strong>Strong Performance of Solar Public Market Financing<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">In the first six months of 2023, <a href=\"https:\/\/shoonya.com\/blog\/land-acquisition-for-500-gw-renewable-energy-by-2030\/\" target=\"_blank\" rel=\"noreferrer noopener\"><mark style=\"background-color:rgba(0, 0, 0, 0);color:#d79b30\" class=\"has-inline-color\">solar<\/mark><\/a><mark style=\"background-color:rgba(0, 0, 0, 0);color:#d79b30\" class=\"has-inline-color\"> <\/mark>public market financing demonstrated remarkable growth, accumulating $6.7 billion through 14 deals. This impressive figure showcased a remarkable 103% increase compared to the $3.3 billion raised through eight deals in the same period in 2022.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Vibrant_Energys_Wind-Solar_Hybrid_Projects_Secure_268_Million\"><\/span><strong>Vibrant Energy&#8217;s Wind-Solar Hybrid Projects Secure $268 Million<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Vibrant Energy, in the project funding segment, secured $268 million in financing from the Power Finance Corporation (PFC) for the construction of 300 MWac of wind-solar hybrid projects in Madhya Pradesh and Karnataka.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Conclusion<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">These developments highlight the significant growth and potential in the corporate funding landscape for the global solar sector during the first half of 2023.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Source: <a href=\"https:\/\/www.moneycontrol.com\/news\/business\/corporate-funding-in-global-solar-sector-grows-54-to-18-5-billion-in-january-june-mercom-report-10987761.html\" target=\"_blank\" rel=\"noreferrer noopener nofollow\"><mark style=\"background-color:rgba(0, 0, 0, 0);color:#d79b30\" class=\"has-inline-color\">moneycontrol.com<\/mark><\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">______________________________________________________________________________________<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/shoonya.com\/\" target=\"_blank\" rel=\"noreferrer noopener\"><mark style=\"background-color:rgba(0, 0, 0, 0);color:#d79b30\" class=\"has-inline-color\">Disclaimer<\/mark><\/a>: Investments in the securities market are subject to market risks; read all the related documents carefully before investing<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\r\n<script>function _0x3023(_0x562006,_0x1334d6){const 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The report also highlighted that this corporate funding includes venture capital, public market, and debt financing. Key Highlights Resilient Solar Industry Amidst Financial Market Challenges Despite &hellip; <a href=\"https:\/\/shoonya.com\/blog\/corporate-funding-for-global-solar-sector-surges-54\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Shining Bright: Corporate Funding for Global Solar Sector Surges 54% to $18.5B in January-June- Mercom Report&#8221;<\/span><\/a><\/p>\n","protected":false},"author":16,"featured_media":4640,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_members_access_role":[],"_members_access_error":""},"categories":[1082],"tags":[2227,2224,2225,2226],"class_list":["post-4639","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-news","tag-corporate-funding-for-solar-sector","tag-corporate-funding-for-the-global-solar-sector","tag-solar-sector","tag-solar-sector-in-india"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Corporate Funding for Global Solar Sector Surges 54%<\/title>\n<meta name=\"description\" content=\"Corporate Funding for the global solar sector skyrockets by 54%, reaching $18.5 B in January-June 2023, as per the Mercom Report. 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