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Funding into solar sector down: Mercom Capital

Global solar venture capital funding saw a large decline this quarter with $174 million in 16 deals compared to $406 million in 23 deals in Q1

Dasarath Reddy  |  Hyderabad 

Total corporate funding — including venture capital funding, public market and debt financing — into the solar sector in the second quarter (Q2) of the calendar year 2016 fell to $1.7 billion, a 41 per cent drop compared to the $2.8 billion raised in Q1.

Total corporate funding was down significantly compared to $5.9 billion in the second quarter of last year, according to the global clean energy communications and consulting firm Mercom Capital Group LLC. Global solar venture capital funding (including private equity) saw a large decline this quarter with $174 million in ...

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First Published: Mon, July 11 2016. 15:22 IST