L R AS Published on Monday 12 October 2020 - n° 335 - Categories:funding
Global financing of the solar sector at the end of September
Around 9.5 GW of solar projects were purchased during the third quarter, i.e.
more than double the 4.4 GW in the third quarter of 2019, and 244% higher than in the second quarter of this year. Investment companies were the most active in acquiring projects in Q3 2020, followed by project developers and independent power producers. Thus, there was a shift in transactions from the 1st and 2nd quarters tothe 3rd.
The price of half of the solar installation shares followed by Mercom Capital doubled at the end of the third quarter.
Figures for the first nine months of the year reveal the extent of the slowdown caused by the pandemic: total business financing reached $7.9 billion, down 13% from the previous year. Venture capital financing decreased by 61% to $394 million. From January to September, solar debt financing activity was 6% lower than in the same period last year.
PV Tech of 9th October
