Smart Grid's best year


2010's venture capital activity came in at US$1.67 billion in 65 transactions, up 18 percent over 2009's US$1.4 billion. There was an increased activity in large scale solar project funding as well as debt and other funding types, which displayed the easing up of credit after 2009."Considering 2009 was a recession year, solar was only slightly up in 2010. After a good second quarter, venture capital investments trended down in Q3 and Q4," commented Raj Prabhu, Managing Partner at Mercom Capital Group.

148 different investors were involved in venture capital funding rounds in 2010 according to Mercom. Credit facilities that were provided to Chinese companies by Chinese banks was a hefty US$34 billion that overshadowed all other solar transactions in 2010 according to the report. Large scale project funding was US$4.1 billion in 2010 while debt and other funding types were US$36 billion of which the US$34 billion were in the form of credit facilities from Chinese government banks to Chinese solar companies like LDK Solar, Yingli Solar, JA Solar, Suntech and Trina Solar. Solar mergers and acquisition transactions in 2010 was US$2 billion in 44 deals in total and activities amounted to another US$450 million in 18 deals.

Prabhu says that it was a banner year for smart grid in terms of venture capital and mergers and acquisition activity.

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact:

Popular content

High-altitude floating PV has energy payback time of 2.8 years

15 July 2024 New research from Switzerland showed that alpine floating PV systems can outperform lowland or ground-mounted counterparts in terms of energy yield an...


Leave a Reply

Please be mindful of our community standards.

Your email address will not be published. Required fields are marked *

By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.

Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.

You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.

Further information on data privacy can be found in our Data Protection Policy.