Coronavirus Impacts Corporate Funding for Solar Industry Which Dropped by 31% in Q1 2020
The total corporate funding in the solar sector stood at $1.9 billion
April 9, 2020
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The total corporate funding in the solar sector, which includes venture capital funding, public market, and debt financing has plummeted by 31% at $1.9 billion (~₹143.4 billion) in Q1 2020 as compared $2.8 billion (~₹211.35 billion) raised in Q1 of 2019. The findings were revealed in Mercom Capital Group’s recently released Q1 2020 Solar Funding and M&A Report. The total corporate funding stood at $2.7 billion (~₹203.79 billion) in Q4 2019.