Solar funding remains timid, but downstream roars
Venture capital: Venture capital (VC) funding was unimpressive in the second quarter of 2013, totaling US$189 million in 19 deals compared to $126 million in 26 deals in the first quarter of the year. Despite that, downstream companies picked up right where they left off in the quarter before, recording their most successful quarter to date. Raj Prabhu, CEO of Mercom Capital Group, elaborates.
The overall outlook for the solar sector, however, has improved as module prices stabilize and demand increases. Even in a challenging year, global installations are forecast to be in the 38 GW range in 2013, a healthy growth rate of about 23% over 2012 – not bad for a sector that is supposed to be …
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