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  • Mercom: Global solar industry VC investment to grow 125% in first half of 2022

    On July 13, Mercom Capital Group, a global energy consultancy, released the “Total Corporate Financing of the Solar Energy Industry in the First Half of 2022″. According to the report, in the first half of the year, due to the decline in the number of new projects (especially in the second quarter), the first 50% of 2022 Commercial financing in the global solar market fell 11% year over year.

    Total solar corporate financing (including venture capital funding, public market and debt financing) in the first half of 2022 was $12 billion, down 11% from the $13.5 billion raised in the first half of 2021. The number of financings increased by 28% year-on-year, with 91 deals in the first half of 2022 compared to 71 in the first half of 2021.

    In the first half of the year, venture capital (VC) surged 125% to $3.7 billion. Among the largest venture capital financing projects, Guangdong Hangchi Solar in China is on the list.

    Raj Prabhu, CEO of Mercom Capital Group, said: “The current economic conditions – inflation, higher interest rates, supply chain issues – have started to impact financing for the solar industry. Although the first half figures remain unchanged, from the first Significant slowdown in Q2 to Q2. Financing activity declined in all sectors except VC and private equity financing. But for a market that relies on energy imports, the value of solar is more evident than ever. Cleaner Energy installation targets are increasing globally, and solar is a long-term beneficiary of this trend.”

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    Post time: Jul-26-2022