Da ging was schief:
Global VC funding for solar was up in Q3 2013
Mercom Capital Group, a global clean energy communications and consulting firm, released its report today on third quarter funding and mergers and acquisitions (M&A) activity for the solar sector.
Global venture capital (VC) funding in Q3 2013 totaled $207 million (M), up slightly from the $189M raised in Q2 2013. VC funding was distributed across technology groups this quarter with PV companies receiving the most, $57M.
Total corporate funding in the solar sector, including VC, debt financing and other equity financings raised by public companies, was significantly higher $2.18 billion (B).
Raj Prabhu, CEO of Mercom Capital Group, commented, "Overall market conditions for the solar sector continue to improve. Project funding and M&A activity were at record levels reflecting improved demand outlook. Taking advantage of rising market values, we also saw significant financing activity among publicly-traded solar companies this quarter."
The largest VC deal in Q3 2013 was the $39.9M raised by Solexel from Technology Partners, DAG Ventures, Northgate Capital, GSV Capital, KCPB Holdings and SunPower. eSolar raised $22M from Oak Investment Partners. Clean Power Finance raised $20M from UAE Fund, followed by HelioVolt which raised $19M from SK Group. Dyesol raised $16M from Tasnee, a Saudi Arabia-based diversified conglomerate.
Third-party solar finance companies raised $584M in disclosed residential and commercial project funds in Q3 2013.
Solar M&A activity increased in Q3 2013 both in transactions and dollars, totaling $9.8B in 23 transactions. Most of this quarter's M&A activity was either strategic or acquisitions of distressed assets/companies/technologies on the cheap. The Top 5 Solar M&A transactions were Applied Materials' $9.4 billion acquisition of Tokyo Electron; the acquisition of LDK Solar's Hi-Tech (Hefei) by China's Tongwei for $142 million; SolarCity's acquisition of Paramount Solar for $120 million; and First Solar's acquisition of GE's global CdTe solar intellectual property portfolio for 1.75 million shares of First Solar common stock (~$84 million).
Da ging was schief
There were 37 announced large-scale project funding deals (almost 1,267 MW) in Q3 2013 totaling $2.89B. Mercom also tracked about 5.5 GW of new announced large-scale projects in various stages of development worldwide.
There were about 3,000 MW of large-scale projects acquired in Q3 2013.
Quelle:
- See more at: www.solarnovus.com/...activity_N7073.html#sthash.eq7klC7B.dpuf
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