A new report released by consulting firm Mercom Capital Group said investments in solar energy projects by corporates reached $4,5 billion during the first half of 2020.
The 1H and Q2 2020 Solar Funding and M&A Report highlight a 25% drop year-over-year from 2019’s $6 billion invested during the same period, the report said. A total of 23 venture capital investors participated in solar funding during the first six months of 2020.
Global venture capital funding (venture capital, private equity, and corporate venture capital) in the solar sector was 74% lower with $210 million compared to $799 million during the same period last year, according to the Mercom Capital Group report.
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