Solar Industry Raises Record $34.3B in Corporate Funding in 2023

Solar Companies Raised Record-Breaking Capital in 2023: Mercom Capital Report

According to a recent report from Mercom Capital Group, solar companies raised more capital in 2023 than in any other year in over a decade. The report, which focuses on funding and merger and acquisition (M&A) activity in the solar sector, revealed that total corporate funding in the sector increased by 42% year-over-year, with $34.3 billion raised in 160 deals. This marks a significant increase from the $24.1 billion raised in 175 deals in 2022.