Solar energy funding jumps 34% in first nine months of 2019

Solar energy has seen a 34% rise in corporate funding during the first nine months of 2019 compared with the same period last year, attracting a total of US$9 billion in investment before the end of September.

Clean energy consultancy Mercom Capital Group compiled the data for the period, which resembled the highest disclosed figure for investment in solar energy since 2015, when $170 billion was invested in just nine months.

Commenting on the findings, Mercom’s CEO Raj Prabhu said: “Corporate funding activity so far this year is ahead of last year’s levels as demand outlook looks positive, and solar public companies continue to do well.

“In Q3 2019, over $100 million in venture funding went to technology and manufacturing-focused companies which is rare. Five IPOs and over a billion dollars in securitisation deals so far this year have been the highlights.”

Texas-headquartered Mercom is a thought leader in the clean energy sector, delivering in-depth knowledge in cleantech technology marketplaces. Mercom’s research and consulting division provides market intelligence, industry reports and consulting services for cleantech companies.