total corporate solar funding, global venture capital funding, public market financing, and PV mergers and acquisitions all fell year on year in the first quarter of 2024
global solar sector is “experiencing peak uncertainty and a challenging investment climate,”
total corporate funding into the solar sector stood at $8.1 billion in the first three months of the year…figure includes 41 deals, marking a 4% year-on-year decline.
figure is a 47% quarter-over-quarter increase over the $5.5 billion raised in the fourth quarter of 2023
global venture-capital funding in the solar sector in the first quarter of 2024 hit $406 million across 13 deals, down 81% year on year
Public market financing reached $1.4 billion across six deals the first three months of 2024, down 39% year on year
ear. Debt financing rose 59% year on year across 22 deals, according to Mercom
challenges – likelihood of prolonged high-interest rates, higher labor and construction costs due to inflation, and supply chain issues, coupled with trade disputes and tariffs
21 solar M&A transactions in the first quarter, unchanged from the fourth quarter of 2023, but down from the 27 solar M&A deals recorded in the first quarter of 2023
crash in Chinese module prices has spurred demand, it has made investments in manufacturing projects unattractive, even with incentives
WoodMac said that in the United States, a 2% increase in the risk-free interest rate could push up the levelized cost of electricity (LCOE) by as much as 20% for renewables