2018 Corporate Solar Buy Hits $6.7 Billion
Q3 2018 Solar Funding and M&A Report
October 2018 (Mercom Capital Group)
“…Total corporate funding into the solar sector, including venture capital funding and public market and debt financing in the first nine months (9M) of 2018, came to $6.7 billion compared to the $7.1 billion raised in 9M 2017. The number of deals in 9M 2018 dropped to 103 from 143 deals in 9M 2017… VC funding for the solar sector decreased in Q3 2018 with $359 million raised in 12 deals compared to $370 million in 15 deals in Q2 2018… Solar downstream technology companies accounted for 87 percent of the VC funding in Q3 2018 with $313 million in seven deals compared to 91 percent in Q2 2018 with $338 million raised in 11 deals…The top VC deals in Q3 2018 were the $200 million raised by Cypress Creek Renewables followed by the $54 million raised by Nexamp, and $50 million raised by Cleantech Solar…There were 18 solar M&A transactions in Q3 2018 compared to…18 transactions in Q3 2017…$1.8 billion in new renewable energy and solar-focused funds were announced in Q3 2018…” click here for more
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