Jul 31, 2019

The Mercom 1H and Q2 2019 Solar Funding and M&A Report

Mercom Capital Group has put together a fact sheet for its 1H and Q2 2019 Solar Funding and M&A Report. It contains funding and M&A numbers for the Solar sector with quarter-over-quarter and year-over-year comparisons, funding breakdowns by technology, and information on the top deals and investors of the year.

Total corporate funding (including venture capital funding, public market, and debt financing) in the first half (1H) of 2019 was up with $6 billion raised compared to the $5.4 billion raised in 1H 2018, an 11% increase year-over-year (YoY).

In 1H 2019, Global VC funding (venture capital, private equity, and corporate venture capital) in the solar sector was 50% higher with $799 million compared to $531 million raised in the first half of 2018.

Announced debt financing activity in the first half of 2019 ($4.2 billion in 27 deals) was 16% higher compared to the first half of 2018 when $3.6 billion was raised in 32 deals. There were four solar securitization deals totaling $598 million in 1H 2019. Cumulatively, over $4 billion has now been raised through securitization deals since 2013.

Announced large-scale project funding in the first half of 2019 saw $9 billion announced for 76 projects compared to 1H 2018 when $8 billion went into 98 project funding deals.

Project acquisition activity was up slightly in 1H 2019 with 11.6 GW of solar projects acquired compared to 11.3 GW acquired in the same period last year. Investment firms continued to be major acquirers of solar assets and accounted for about 6.8 GW (58%) of acquisitions.

Mercom Capital Group | https://mercomcapital.com