Total Corporate Funding in Solar Sector Rises to $3.2 Billion in Q1 2017, Reports Mercom Capital Group
Debt and VC funding up, Increased M&A activity
(firmenpresse) - AUSTIN, TX -- (Marketwired) -- 04/11/17 -- 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 Q1 of 2017.
Total corporate funding (including , public market and debt financing) into the solar sector in Q1 2017 doubled with $3.2 billion (B) compared to $1.6B in Q4 2016.
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"Q1 funding levels were up in the sector from the 2016 lows, largely due to increased debt financing activity. Corporate funding never reached $3B in any of the quarters in 2016. activity was also strong with several large deals. Solar public companies also had a good first quarter," commented Raj Prabhu, CEO of Mercom Capital Group.
Global funding came to $585 million (M) in 22 deals compared to $329M in 22 deals in Q4 2016.
Solar downstream companies had the most funding with $548M in nine deals.
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Solar public market financing came to $461M in 13 deals in Q1 2017, lower than the $615M (13 deals) in Q4 2016. There was one in Q1 2017.
Announced debt financing came to $2.2B in 25 deals, compared to $610 M in 10 deals in Q4 2016. Most of the debt went to solar downstream companies.
There was one deal in Q1 2017.
Announced large-scale project funding in Q1 2017 came to $2.6B in 33 deals compared to $3B in 38 deals in Q4 2016.
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Residential and commercial announced in Q1 2017 came to $630M in six deals compared to $1.5B in eight deals in Q4 2016. Of the $630M announced this quarter, $500M went to lease/PPAs and $130M went to loans. More than $23B has now gone into residential and commercial funds since 2009.
There were 29 solar M&A transactions in Q1 2017 (20 involved companies) compared to 20 transactions in Q4 2016.
There were 49 large-scale solar project acquisitions (18 disclosed for $1.9B) in Q1 2017 compared to 73 transactions (23 disclosed for $2.1B) in Q4 2016. About 7.4 GW of solar projects were acquired in Q1 2017. Investment firms/funds were the most active acquirers in Q1 2017, followed by project developers, then .
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Mercom tracked 233 new large-scale project announcements worldwide in Q1 2017 totaling 12.7 GW.
Full report
Mercom Capital Group is a global research and communications firm focused on clean energy. Mercom produces funding and reports covering Solar, . Mercom advises companies on new market entry, custom market intelligence and overall strategic decision-making, visit: .
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Datum: 11.04.2017 - 11:35 Uhr
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News-ID 1498053
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