Corporate funding for solar projects fell 20% YoY in Q3
Corporate investment in solar projects totalled $2.4bn in Q3 2017, 20% less than the $3bn spent during the same period last year, according to Mercom Capital Group. It found corporate funding, which included venture capital funding, debt financing and public markets, during Q3 2017 was higher compared to the preceding three-month period.

Solar sector attracted corporate funding worth USD 2.4 billion in the third quarter of 2017, lower than the fund flows registered in the year-ago period, says a report.

Clean energy consulting firm Mercom Capital Group has said that the funding amount stood at USD 3 billion in the three months ended September 2016.

However, in comparison with the second quarter of this year, the amount rose in the latest third quarter.

"During Q3 2017, corporate funding in the solar sector grew 74 per cent compared to Q2 2017, with USD 2.4 billion raised in 45 deals. In Q2 2017, USD 1.4 billion was raised in 37 deals," Mercom Capital said in a release.

The figures include venture capital funding, public market and debt financing.

In the first nine months of this year, the total corporate funding in the solar sector reached USD 7.1 billion compared to USD 7.5 billion recorded in the same period a year ago. RAM SBT