Corporate Funding for Solar Rose 11% to $8.4B in Q1 2023 Despite Economic Headwinds
Almost 12 GW of solar projects were acquired in Q1 2023
April 14, 2023
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Total corporate funding for solar companies, including from venture capital (VC), public market, and debt financing, amounted to $8.4 billion in 42 deals in the first quarter (Q1) of 2023, up 11% year-over-year (YoY) compared to $7.5 billion raised in 49 deals, according to Mercom’s Q1 2023 Solar Funding and M&A Report.