November 25, 2024 3:40 pm
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Solar attracted nearly $10 Billion in private investment for 2013

solar investSolar Industry

A new report from Mercom Capital Group LLC says global venture capital (VC) investments in the solar sector dropped 40% in 2013 to $600 million compared to $992 million in 2012. Nevertheless, total corporate funding for solar – encompassing VC, debt and public market financing – was up 25% in 2013 to almost $10 billion compared to about $8 billion in 2012.

According to Raj Prabhu, CEO of Mercom Capital Group, since mid-2012, the new normal for VC funding has been smaller funding quarters and smaller deal sizes.

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