MERCOM REPORT: Solar Residential and Commercial Funds Raised $2 Billion in Second Quarter 2015

MERCOM REPORT: Solar Residential and Commercial Funds Raised $2 Billion in Second Quarter 2015

By Mercom Capital Group

Mercom Capital Group, llc, a global clean energy communications and consulting firm, released its report on funding and merger and acquisition (M&A) activity for the solar sector in the second quarter of 2015. Total global corporate funding in the solar sector, including venture capital/private equity (VC), debt financing, and public market financing raised by public companies, decreased to $5.9 billion, compared to $6.4 billion in Q1 2015.

Raj Prabhu, CEO of Mercom Capital Group, commented, “Overall corporate funding was down slightly this quarter. Yieldcos had a significant impact on the financial activity in the sector and raised $1.6 billion in public markets, about $800M in debt, and accounted for almost a third off all large-scale project acquisitions. Residential and commercial solar funds continue to attract record funding as the ITC expiration deadline approaches.”

Q2 2015 was a consecutive record quarter for residential and commercial solar funds with nearly $2 billion ($1.93 billion) raised in five deals. In Q1 2015, previously the largest quarter for residential and commercial solar funds, nearly $2 billion ($1.92 billion) was raised in 10 deals. Three loan funds totaling $775 million were announced in Q2, and two third-party lease or PPA funds for $1.2 billion were announced.

 

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SEMI
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September 23, 2015