A new solar power fact sheet and report were recently published by the Mercom Capital Group, a cleantech communications and research firm. Some of the key findings showed decreases in solar power funding, but there were some good signs too.
Total corporate funding decreased to $1.7 billion for the second quarter, compared to the figure for the previous quarter, which was $2.8 billion.
Global solar venture capital funding declined to $174 million compared with the figure from the previous quarter, which was $406 million.
Announced debt financing was $1.3 billion in the second quarter, but it was $2.3 billion in the previous one, and $3.4 billion for the same quarter last year.
For residential and commercial solar funds, there were $1.36 billion in the second quarter versus $1 billion for the previous one. Leaders in this area were SolarCity, Mosaic, and Sunnova Energy.
For the second quarter, there were 38 large-scale solar project acquisitions worth $1.9 billion. The value of the same kind was $1.2 billion for the previous quarter.
The top venture capital funded companies for the second quarter were:
- Silicon Ranch — $100 million
- Tigo Energy — $20 million
- 1366 Technologies — $15 million
- Sol Voltaics — $12.5 million