VC funding remains downstream

20. August 2013 | Financial & Legal Affairs, Markets & Trends | By:  Jonathan Gifford

The latest report into venture capital (VC) investment in the photovoltaic industry has indicated investments slightly improving, however remaining at a low level.

A graph of VC funding.

VC funding recovered slightly in Q2 2013, but it remains down on previous highs.

In its Q2 2013 report into VC funding in solar, Mercom Capital has reported that global VC investment rose to $189 million, up from $126 million in Q1. Downstream companies continue to attract the bulk of VC funds.

Mercom reports that the number of VC deals for Q2 of this year totaled 19, compared to 26 last quarter. The top VC deal for the quarter was the $69 million raised by Hefei Golden Sun Energy Technology, a Chinese solar developer. In the U.S., finance provider Clean Power Finance rose $42 million and disruptive kerfless wafer technology startups Solexel and Scifiniti both raised $14.8 and $10 million respectively. Coming in at fourth in the Mercom figures for the quarter was power optimizer Tigo Energy with $13 million.

Despite Solexel, Scifiniti and Tigo Energy’s appearance in the top five for Q2 list, Mercom notes that solar downstream companies continue to attract most of the VC funding. Downstream companies attracted $128 million of the total $189 million for the quarter. Kerfless cell startup Scifiniti came out of "stealth mode" at the Intersolar Trade Show in July.

The market analysts note in their report: “Even with the growth in installations and stabilizing module prices, venture investments in solar remain depressed as technology companies have continued to struggle.” Mercom Capital has previously observed that VC funding in solar halved in 2012.

Project and third party finance

It’s worth noting however that these figures do not mean that there isn’t money flowing into photovoltaics. Mercom Capital notes that there were 35 large scale project funding deals announced, including MidAmerican Energy which completed a $1 billion solar bond financing deal, the largest of its type to date. MidAmerican Energy has made a series of large-scale project acquisitions in the U.S. and raised the profile of solar project investment, through its high profile owner, Berkshire Hathaway’s Warren Buffet.

Third party finance firms have raised $1.33 billion for residential and commercial solar project funds, as disclosed by the firms in Q2. This is strongest quarter for solar lease funds, Mercom notes.

In China, financing of various firms totaled $259 million, which shows a slowdown from 2010, but still brings the total of debts to around $53 billion, amongst Chinese banks.

In M&A activity the trend towards consolidation appears strong, totaling $1.27 billion across 18 transactions. Although Mercom notes that many deals were not disclosed. These deals tended towards acquisitions of distressed assets or struggling firms.

Amongst inverter players, M&A activity was observed, with the largest disclosed deal being the acquisition of Power-One by Swiss multinational ABB. The deal is reported to be worth around $1 billion.


To leave a comment you must first sign in or register your details

Displaying results 1 to 1 out of 1

Apes Gibber from new york | http://www.digcouponcodes.com/

Sunday, 26.10.2014 11:13

Best online information about VC funding remains downstream.

Coupon Codes
Halo Cigs Coupon Codes
Onlineshoes Coupon Codes
Shoebuy Coupon Codes
Toms Coupon Codes
Venue Kings Coupon Codes
4checks Coupon Codes
Shoes Com Coupon Codes
1800flowers Coupon Codes
Womensuits Coupon Codes
Tmart Coupon Codes
Starfire Cigs Coupon Codes
Six Dollar Shirts Coupon Codes
Shindigz Coupon Codes
Petsmart Coupon Codes
Pet Bucket Coupon Codes
Naturalizer Coupon Codes
Modells Coupon Codes
Microsoft Store Coupon Codes
Logo Sportswear Coupon Codes
Lighting Direct Coupon Codes
Lane Bryant Coupon Codes
Magoosh Coupon Codes
Kobo Books Coupon Codes
Jet Cigs Coupon Codes
Ink Garden Coupon Codes
Hotwire Coupon Codes
Hansen Wholesale Coupon Codes
Hair Extension Sale Coupon Codes
Global Sugar Art Coupon Codes
Global Eyeglasses Coupon Codes
Glasses Usa Coupon Codes
Glasses Spot Coupon Codes
Glasses Shop Coupon Codes
Getty Images Coupon Codes
Fragrancex Coupon Codes
Fragrancenet Coupon Codes
Famous Footwear Coupon Codes
Entirelypets Coupon Codes
Ebooks Coupon Codes
Easy Click Travel Coupon Codes
Bh Cosmetics Coupon Codes
Bliss Coupon Codes
Calendars Com Coupon Codes
Canvas On Demand Coupon Codes
Cardstore Coupon Codes
Cat Footwear Coupon Codes
Catherines Coupon Codes
Cellz Com Coupon Codes
Check Advantage Coupon Codes
1 800 Petmeds Coupon Codes
100 Percent Pure Coupon Codes
1800anylens Coupon Codes
1ink Coupon Codes
Afterglow Cosmetics Coupon Codes
Alibris Coupon Codes
All Battery Coupon Codes
Alloy Apparel Coupon Codes
American Health Care Academy Coupon Codes
Americanbridal Coupon Codes
Anytime Costumes Coupon Codes
B2c Jewels Coupon Codes
Beautorium Coupon Codes
Beauty Bridge Coupon Codes
Beauty Encounter Coupon Codes
Delias Coupon Codes
Crazy Shirts Coupon Codes
Cool Glow Coupon Codes
Comboink Coupon Codes
Choies Coupon Codes
Checks Unlimited Coupon Codes
Canvas Megastore Coupon Codes
Modern Man Bags Coupon Codes
Easy Canvas Prints Coupon Codes
South Smoke Shop Coupon Codes
Carousel Checks Coupon Codes
Knetbooks Coupon Codes
Sheinside Coupon Codes
Lifelock Coupon Codes
Mobstub Coupon Codes
Allposters Coupon Codes
Lacy Hint Coupon Codes
Yesvideo Coupon Codes
Yes Style Coupon Codes
Web Hosting Buzz Coupon Codes
Things Remembered Coupon Codes
The Original Craft Beer Club Coupon Codes
Teleflora Coupon Codes
Technollo Coupon Codes
Teavana Coupon Codes
Stockngo Coupon Codes
Stacy Adams Coupon Codes
Stack Labs Coupon Codes
Spicy Legs Coupon Codes
Smartfares Coupon Codes
Smartbargains Coupon Codes
Resumes Planet Coupon Codes
Resume2hire Coupon Codes
Renfro Socks Coupon Codes
Raised Beds Coupon Codes
Pickup Flowers Coupon Codes
Perfumeland Coupon Codes
Perfume Junkie Coupon Codes
Ozone Socks Coupon Codes
Overtons Coupon Codes
Original Retro Brand Coupon Codes
Online Boot Store Coupon Codes
Onetravel Coupon Codes
Lego Coupon Codes
Lashem Coupon Codes
Lace Wigs Buy Coupon Codes
Kidrobot Coupon Codes
Keds Coupon Codes
Jurlique Coupon Codes
Jolly Chic Coupon Codes
Jewelry Affairs Coupon Codes
Iskin Coupon Codes
Henley Cigs Coupon Codes
Interweave Store Coupon Codes
Inkplus Toner Coupon Codes
Inkgeo Coupon Codes
Id Creator Coupon Codes
Iceland Health Coupon Codes
I Supplements Coupon Codes
Holiday Cards Unlimited Coupon Codes
High Sierra Coupon Codes
Herbspro Coupon Codes
Hearthsong Coupon Codes
Hcg Drops Direct Coupon Codes
Flower Fast Coupon Codes
Flower Advisor Coupon Codes
Floraqueen Coupon Codes
Flags Connections Coupon Codes
Fleurop Coupon Codes
Five Finger Tees Coupon Codes
Fitness One Coupon Codes
Efaucets Coupon Codes
Banggood Coupon Codes
Bates Footwear Coupon Codes
Design By Humans Coupon Codes
Derailed Coupon Codes
Davinci Vaporizer Coupon Codes
Customtshirts Com Coupon Codes
Cushe Footwear Coupon Codes
Current Labels Coupon Codes
Coyuchi Coupon Codes
Coveroo Coupon Codes
Costumes4less Coupon Codes
Costume Supercenter Coupon Codes
Costume Discounters Coupon Codes
Half Price Drapes Coupon Codes
In The Swim Coupon Codes
Strapworks Coupon Codes
Live Well Sports Coupon Codes
Mount Baker Vapor Coupon Codes
Volcano Ecigs Coupon Codes
Mario Badescu Coupon Codes
Your Deco Shop Coupon Codes
Ultra Fragrances Coupon Codes
Get Std Tested Coupon Codes
Ulster Weavers Home Fashions Coupon Codes
Lifestride Coupon Codes
Claires Coupon Codes
Candy Coupon Codes
Clothesbuy Coupon Codes
Luxe Designer Handbags Coupon Codes
Pets Warehouse Coupon Codes
Photoweavers Coupon Codes
Sammydress Coupon Codes
Hurley Coupon Codes
Teefury Coupon Codes
Usa4ink Coupon Codes
Bogs Footwear Coupon Codes
Istock Coupon Codes
Udemy Coupon Codes

Subscribe today!

Choose between a digital and print subscription from pv magazine publisher Solarpraxis AG’s online shop!

Press releases

Want to publish your press releases for free? Simply log in or register, enter the information you want to appear and we'll publish it for you!