Month in a Minute: Top Headlines from Indian Renewable Sector in January 2024
Solar industry secures decade-high corporate funding of $34.3 billion in 2023
February 1, 2024
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Global corporate funding in the solar sector in 2023, including venture capital (VC) investments, public market funding, and debt financing, reached $34.3 billion, a 42% year-over-year (YoY) increase from $24.1 billion. This was the largest amount raised in over a decade. The numbers were revealed in Mercom Capital Group’s newly released Annual and Q4 2023 Solar Funding and M&A Report. While the total funding rose, the number of deals dropped 8.5% from 175 to 160.
Arjun Joshi
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