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    Home > Chemicals Industry > International Chemical > In the first half of the year, corporate financing in the global solar industry increased by 15% year-on-year

    In the first half of the year, corporate financing in the global solar industry increased by 15% year-on-year

    • Last Update: 2022-12-27
    • Source: Internet
    • Author: User
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    According to Mercom Capital Group, total global corporate financing in the solar industry in the first half of 2018 increased 15% year-on-year to US$5.
    3 billion
    .

    In the first half of the year, corporate financing in the global solar industry increased by 15% year-on-year

    Corporate financing, including venture capital financing, public markets financing, and debt financing, totaled $2.
    8 billion in the second quarter alone, compared to $2.
    5 billion in the previous quarter and just $1.
    4 billion in the same period last year.

    Raj Prabhu, CEO of Mercom Capital Group, said the uncertainty in the first half of 2018 was due to Trump's tariffs and the recent pullback
    in Chinese subsidies.
    "Despite the improvement in financial activity compared to the same period last year, the market is still sorting out the winners and losers from the potential slowdown in Chinese demand, which is expected to lead to an oversupply situation and ultimately a collapse in module prices around the world
    .
    " Prabhu added
    .

    Global venture capital funds, which include venture capital, private equity and corporate venture capital, fell 36% year-over-year to $458 million
    in the first six months of 2018.
    The top five deals were $112 million raised by Wunder Capital, $100 million raised by Sunnova, $55 million from Off-grid Electric, $50 million from Sunlight Financials and $25 million
    from d.
    light design.

    In contrast, solar public market financing rose 33% year-over-year to $1.
    25 billion in the first half of the year, and debt financing activity was also more active, up 22% to $3.
    6 billion, with most of the increase coming from securitization transactions
    in Vivint Solar and Dividend Finance.

    Over a six-month period, 98 projects announced a significant $7.
    96 billion in project funding, surpassing the record $7.
    4 billion raised in 81 project financing deals a year earlier.

    In the first half of 2018, 117 large-scale projects totaling 11.
    6 GW were acquired globally, up from 101 projects acquired with 10.
    9 GW of capacity in the first half of
    2017.
    Investment firms and funds purchased 4 GW of project capacity
    .

    The number of solar M&A deals reached 46 in the first half of this year, compared with 41 in the first half of last year
    .

    According to Mercom Capital Group, total global corporate financing in the solar industry in the first half of 2018 increased 15% year-on-year to US$5.
    3 billion
    .

    Corporate Finance

    In the first half of the year, corporate financing in the global solar industry increased by 15% year-on-year

    In the first half of the year, corporate financing in the global solar industry increased by 15% year-on-year

    Corporate financing, including venture capital financing, public markets financing, and debt financing, totaled $2.
    8 billion in the second quarter alone, compared to $2.
    5 billion in the previous quarter and just $1.
    4 billion in the same period last year.

    Raj Prabhu, CEO of Mercom Capital Group, said the uncertainty in the first half of 2018 was due to Trump's tariffs and the recent pullback
    in Chinese subsidies.
    "Despite the improvement in financial activity compared to the same period last year, the market is still sorting out the winners and losers from the potential slowdown in Chinese demand, which is expected to lead to an oversupply situation and ultimately a collapse in module prices around the world
    .
    " Prabhu added
    .

    Global venture capital funds, which include venture capital, private equity and corporate venture capital, fell 36% year-over-year to $458 million
    in the first six months of 2018.
    The top five deals were $112 million raised by Wunder Capital, $100 million raised by Sunnova, $55 million from Off-grid Electric, $50 million from Sunlight Financials and $25 million
    from d.
    light design.

    In contrast, solar public market financing rose 33% year-over-year to $1.
    25 billion in the first half of the year, and debt financing activity was also more active, up 22% to $3.
    6 billion, with most of the increase coming from securitization transactions
    in Vivint Solar and Dividend Finance.

    Over a six-month period, 98 projects announced a significant $7.
    96 billion in project funding, surpassing the record $7.
    4 billion raised in 81 project financing deals a year earlier.

    In the first half of 2018, 117 large-scale projects totaling 11.
    6 GW were acquired globally, up from 101 projects acquired with 10.
    9 GW of capacity in the first half of
    2017.
    Investment firms and funds purchased 4 GW of project capacity
    .

    The number of solar M&A deals reached 46 in the first half of this year, compared with 41 in the first half of last year
    .

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