08.01.2015: Total corporate investments into the solar sector including venture capital/private equity (VC), debt and public market financing increased 175% in 2014 to $26.5 billion, according to a new report from consulting firm Mercom Capital Group. Global VC investments more than doubled to $1.3 billion in 85 deals in 2014, compared to $612 million in 98 deals in 2013. Solar downstream companies saw the largest amount of VC funding in 2014 with $1.1 billion in 44 deals, accounting for 85% of venture funding. Investments in PV technology companies reached $75 million in 12 deals and Balance of Systems (BoS) companies were close behind with $73 million in seven deals. Investments in CSP companies came to $59 million in three deals, while investments in thin-film companies reached $52 million as a result of nine deals. The Top 5 VC funded companies in 2014 were residential solar services company Sunnova Energy, which raised a total of $505 million in three separate deals; followed by residential solar installer Sunrun, which raised $150 million. Renewable Energy Trust Capital, a finance platform established to acquire and own solar projects and provide a single equity capital source, brought in $125 million; solar installer Sungevity raised $72.5 million; and GlassPoint Solar, a provider of solar steam generators to the oil and gas industry, raised $53 million. Public market financing increased considerably in 2014, climbing to $5.2 billion in 52 deals from just $2.8 million in 39 deals in 2013. Announced debt financing agreements in 2014 totaled almost $20 billion in 58 deals, compared to $6.2 billion in 38 deals in 2013. China accounted for $15.8 billion of the debt activity. © PHOTON
Thursday, January 8, 2015
2014 Global Solar Investment hits $26.5B
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