Capital punishment
Corporate funding update: Solar total corporate funding continues to decline, hitting a new low of $1.7 billion in the second quarter, says Mercom Capital CEO Raj Prabhu. However, residential and commercial project funds have picked up steam, attracting $1.4 billion in investment a 36% increase.
Corporate funding has slowed since the third quarter of last year, with contributing factors including SunEdison and the decline of yieldcos, the proliferation of hypercompetitive auctions, and policy uncertainty around rooftop solar, all of which have caused skepticism around solar stocks in general. Corporate funding in Q2 2016 was at its lowest level in three …
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