Daily News Wrap-Up: Solar Sector Records 81% Drop in VC Funding in Q1

Premier Energies files DRHP for ₹15 billion IPO

April 23, 2024

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The solar sector secured $8.1 billion in corporate funding through 41 transactions in the first quarter (Q1) of 2024, marking a 4% decrease from the $8.4 billion raised in 42 deals during the same period in 2023. However, there was a 47% increase in funding compared to Q4 2023, which saw $5.5 billion raised in 37 deals. The numbers were revealed in Mercom Capital Group’s newly released Q1 2024 Solar Funding and M&A Report.

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Mercom Staff