Mercom Solar First Half and Q2 2017 Funding and M&A Fact Shee
Q2 2017 SOLAR FUNDING and M&A FACT SHEET
Total Corporate Funding (includes VC funding, debt financing and public market financing)
Q2 2017 - $1.4 billion in 37 deals
Q1 2017 - $3.2 billion in 60 deals
Q4 2016 - $1.6 billion in 45 deals Q3 2016 - $3 billion in 45 deals
Q2 2016 - $1.7 billion in 33 deals
1H 2017 - $4.6 billion in 97 deals 1H 2016 - $4.5 billion in 79 deals
1H 2015 - $12.2 billion in 114 deals
1H 2014 - $13.2 billion in 102 deals
1H 2013 - $2.3 billion in 78 deals
VC Funding
Q2 2017 - $128 million in 23 deals
Q1 2017 - $585 million in 22 deals
Q4 2016 - $329 million in 22 deals
Q3 2016 - $342 million in 16 deals
Q2 2016 - $174 million in 16 deals
1H 2017 - $713 million in 45 deals
1H 2016 - $579 million in 39 deals
1H 2015 - $338 million in 51 deals
1H 2014 - $703 million in 48 deals
1H 2013 - $315 million in 45 deals
Top VC Funded Companies in Q2 2017
- • $25 million was raised by Siva power from Jim Simons, Mark Heising, Jonathan Sheets
- • Spruce raised $25 million from HPS Investment Partners
- • $14.9 million was secured by Innovative Solar Systems from undisclosed investors
- • Nexamp raised $14.6 million from undisclosed investors
- • Eneo Solutions raised $11.3 million from Infranode
Top VC Funded Companies in 1H 2017
- • $200 million was raised by ReNew Power Ventures from JERA (Joint Venture of Tokyo Electric Power and Chubu Electric Power)
- • Greenko Energy Holdings raised $155 million from GIC, Abu Dhabi Investment Authority (ADIA)
- • $125 million was secured by Hero Future Energies from International Finance Corporation (IFC)
- • Silicon Ranch raised $55 million from Partners Group and Greystone Infrastructure Fund
Q2 2017 VC Funding by Technology
- • Solar Downstream: $92 million in 15 deals
- • Thin-film: $25 million in one deal
- • Service Providers: $7 million in two deals
- • Balance of System (BOS): $3 million in two deals
- • Solar PV: $1 million in two deals
- • Solar CPV: $1 million in one deal
Debt Financing
Q2 2017 - $798 million in eight deals
Q1 2017 - $2.2 billion in 25 deals
Q4 2016 - $610 million in 10 deals
Q3 2016 - $1.8 billion in 24 deals
Q2 2016 - $1.3 billion in 12 deals
1H 2017 - $3 billion in 33 deals
1H 2016 - $3.7 billion in 31 deals
1H 2015 - $8.4 billion in 41 deals
1H 2014 - $9.9 billion in 27 deals
1H 2013 - $1.3 billion in 15 deals
Public Market Financing
Q2 2017 - $473 million in six deals
Q1 2017 - $461 million in 13 deals
Q4 2016 - $615 million in 13 deals
Q3 2016 - $880 million in five deals
Mercom's catalogue of Solar Funding and M&A reports can be found at http://store.mercom.mercomcapital.com/product-category/solar-reports/.
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