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Solar Sector Received Global Corporate Funding of $5.3 bn in 6 Months
July 23, 2018
According to global consulting firm Mercom Capital Group, the net corporate funding in the solar sector including public market, venture capital, and debt financing clocked at $5.3 billion during Jan-June this year. This is in spite of the Chinese government cutting the subsidies for all new solar projects, and Trump Tariffs.
The corporate funding stood at $4.6 billion during the same period in 2017.
Some of the biggest deals were made with India including Sunsure Energy raising debt capital worth $2.2 million from TATA Cleantech Capital, cKers Finance, and L&T Finance; and Azure Power raising $135 million in debt financing.
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