It has been said that it was 8 percent higher on a year-on-year basis compared to the same quarter last year.
New Delhi (Natural Energy News): Global funding in the solar sector peaked at $ 3.2 billion in the third quarter (Q3) 2020, compared to $ 2.3 billion in a weak Q2, 43 in a quarter-on-quarter quarter. Percent increase (QoQ). Report good.
It added that the fiscal year was also 8 percent year-on-year (y-o-y) compared to the same quarter last year. However, it was still 13 percent lower in the January-September period of 2020, with $ 7.9 billion raised, compared to $ 9 billion raised in the same period last year.
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According to the report released by Maricom Capital Group, the global venture capital fund increased in Q3 2020 with $ 183 million in 15 deals, compared to $ 65 million in five deals in Q2 2020, a 182 percent increase Q-O-Q. While funding was down 12 percent y-o-y compared to $ 208 million raised in 11 deals in Q3 2019.
In the first nine months of 2020, venture capital (VC) funding in the solar sector was 61 percent lower with $ 394 million compared to $ 1 billion raised in the same period last year, it said.
In Q3 2020, debt financing announced in 16 deals came to $ 1.8 billion, an increase of 20 percent compared to nine deals in Q2 2020 of $ 1.5 billion. Debt financing was 16 percent Y-o-y. Solar debt financing activity was down 6 percent in the January-September period to $ 5.4 billion in 32 deals compared to the same period in the previous year.
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As per the statement, "Even with COVID-19 disturbances, project accession activity was 52℅ in the January-September period of 2020, compared to 16 GW obtained in the same period last year, with solar project accessions of 24.3 GW. it was done."
It said 9.5 GW of solar projects were acquired in Q3 2020, 244 percent higher than the 2.8 GW in Q2 2020. Whereas, compared to a YoY, acquisition activity was 119 percent higher, with 4.4 GW being acquired in the previous quarter. year.
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