Corporate funding in the global solar sector comes to $7.1B, Indian companies top the list

Solar funding and M&A activity for the third quarter of 2017 has seen a growth of 74 percent compared to second quarter of 2017, with $2.4 billion raised in 45 deals. With Indian companies emerging at the top, we take a look at few of the notable transactions. In the third quarter of 2017, the total corporate funding for the solar sector was slightly lower compared to the same period in 2016. With $7.1 billion raised this year compared to the $7.5 billion raised in the last year, the corporate funds made way for 143 deals in 2017 compared to 125 deals in the same period of 2016. The funding corpus which includes venture capital funding, public market and debt financing has crossed $10 billion.