Mercom Solar First Half and Q2 2017 Funding and M&A Fact Shee

08 Aug 2017

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/.

 

Mercom Capital | http://www.mercomcapital.com