The total corporate funding in the solar energy sector increased 190 per cent in the first nine months of 2021, with $22.8 billion in 112 deals compared to $7.9 billion in 72 deals in the corresponding period previous year, according to a recent report.

The report by clean energy consultancy, Mercom Capital, said that financing activity was up across the board, including venture capital, debt, and public market financing.

It added that the total solar corporate funding in the third quarter (Q3) of 2021 came to $9.3 billion in 41 deals, a 72 per cent increase compared to $5.4 billion in 35 deals in Q2 2021.

“Investment activity continues to be robust across the solar sector and not just compared to 2020 because of COVID-19. This will end up as one of the best years for solar financing since 2010… Solar project acquisitions in the first nine months of 2021 have already surpassed all of 2020,” said Raj Prabhu, chief executive officer, Mercom Capital Group.

https://energy.economictimes.indiatimes.com/news/renewable/corporate-funding-in-solar-sector-surges-to-22-8-bn-in-jan-sept-2021-report/87103999