Applications & Installations

Solar sector corporate funding falls 22% year-over-year

Venture capital, public market, and debt financing into the solar industry reached $17.3 billion through the first 9 months of 2025, said Mercom Capital Group.
Ryan Kennedy
By
Ryan Kennedy
Image: Mercom Capital

From pv magazine USA

Total corporate funding, including venture capital (VC) funding, public market, and debt financing decreased 22% year-over-year through the first three quarters in 2025, said a report from Mercom Capital Group.

Through the first nine months of 2025, total corporate funding reached $17.3 billion, down from $22.3 billion raised through the first nine months of 2024.

VC funding reached $2.9 billion across 55 deals over the period, down from $3.9 billion raised over 39 deals in the year-ago period. The largest VC deals were $1 billion raised by Origis Energy, $500 million raised by Silicon Ranch and $130 million raised by Terabase Energy.

Solar debt financing totaled $12.7 billion across 60 deals, 24% lower than the $16.7 billion raised through the first nine months of 2024. 

In the first three quarters of 2025, corporations acquired 165 solar projects totaling 29 GW. This is a slight increase from 28.3 GW in transactions a year ago.

Mergers and acquisitions activity increased year-over-year, with 76 deals in the first nine months of 2025 compared to 62 last year.

Written by

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: [email protected].

Comments