Corporate funding in the global solar sector declined 13 per cent year-on-year to USD 24.1 billion in 2022, according to a Mercom Capital report. Corporate funding includes venture capital and private equity (VC and PE), debt financing, and public market financing.
“Total corporate funding in 2022 (first nine months) stood at USD 24.1 billion, 13 per cent lower compared to USD 27.8 billion raised in 2021,” the global clean energy consulting firm said in its report.
During 2022, VC funding activity rose 56 per cent to USD 7 billion compared to USD 4.5 billion in 2021.
