Total corporate funding, including venture capital funding, public market and debt financing, into the solar sector stood at USD 5.7 billion during the fourth quarter of 2017.
The global solar sector witnessed total corporate funding of USD 2 billion in the first three months of 2018, a decline of 65 per cent over the previous quarter, as per a report by clean energy consulting firm Mercom Capital Group.
Total corporate funding, including venture capital funding, public market and debt financing, into the solar sector stood at USD 5.7 billion during the fourth quarter of 2017.
Also, the funding during January-March 2018 was 38 per cent lower than USD 3.2 billion raised in the corresponding period of 2017.
"After a strong fourth quarter in 2017, financial activity slowed again in Q1 2018 to the post-tariff announcement levels of last year as uncertainties and a lack of clarity in the markets took a toll on investments.
"The bright spot during Q1 was a record-high number of solar project acquisitions, proving that solar power generation is a sought-after asset class," Mercom Capital Group CEO Raj Prabhu said.