Featured in China's strength – 05-2014

Increased funding activity fuels strong first quarter

Venture capital forecast: The solar industry is coming off a strong 2013 and looking for an even better 2014. Preliminary numbers indicate that global installations topped 37 GW for 2013 a solid 21% growth year-over-year. Another 20%-plus growth year is in the making as Raj Prabhu, CEO and cofounder of Mercom Capital Group, forecasts 2014 demand to be about 46 GW.

By

pv magazine

08 May 2014

Solar financing activity surged in almost all areas in the first quarter. Venture Capital (VC) funding increased in Q1 2014, coming in at $251 million in 26 deals compared to $87 million in 24 deals last quarter. Most of the funding activity continues to involve solar downstream companies, which attracted $182 million in 13 deals. …

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