Corporate funding in global solar up 54% to $18.5 bn in Jan-Jun: Report

Corporate funding in the global solar sector increased 54 per cent year-on-year to $18.5 billion in the first half of this year, says a report.

According to a Mercom Capital report, the total corporate funding was at $12 billion in the January-June period in 2022, the report said, adding that corporate funding includes venture capital, public market and debt financing.

“Even amidst tightening financial market conditions and high interest rates, the solar industry remained strong in the first half of the year.