In the first half of 2021, global solar corporate financing soars by 193% year-on-year

According to the latest semi-annual report released by the market research agency MercomCapitalGroup, in the first half of this year, the total amount of corporate financing in the global solar field reached US$13.5 billion, a 193% increase from US$4.6 billion in the same period in 2020.

"Compared with last year, which was severely affected by the new crown pneumonia epidemic, in the first half of this year, investment in the solar energy sector increased across the board."

MercomCapitalGroup CEO Raj Prabhu said, “As global solar developers expand their production scale, fossil energy companies such as oil and gas continue to transform into renewable energy businesses. Various funds have begun to purchase more renewable energy assets, and companies in the solar field have acquired Activities have also increased significantly."

The report data shows that in the second quarter of this year, the purchase volume of solar projects hit a record high. The total installed capacity of the acquired solar projects exceeded 24 GW. In the first quarter, this figure was 14.6 GW.

RajPrabhu believes that investment trends in environmental, social and corporate governance have affected the acquisition of solar projects worldwide in the first half of this year.

According to the report, solar project developers and independent power generators were the most active acquirers in the second quarter of this year, with a total of 13.3 GW of solar projects; by oil and gas giants, with a total of 9 GW of solar projects.

In addition, in the first half of this year, solar open market financing also skyrocketed by 386%, with 13 transactions raising US$3.7 billion, compared to only 6 transactions in the same period in 2020, raising a total of US$758 million; venture capital financing An increase of 680%, a total of 26 transactions raised $1.6 billion, and in the first half of 2020, $210 million was raised for 14 transactions. At the same time, the solar-related debt financing activities announced in the first half of this year also increased by 125% over the same period last year.