Mercom: From January to September this year, global solar financing soared by 190%, and the volume of solar project acquisitions exceeded that of 2020!

　　According to the latest data released by Mercom, from January to September 2021, the financing of global solar energy companies soared to US$22.8 billion, a year-on-year increase of 190%. Among them, venture capital was US$2.2 billion, a year-on-year increase of 466%; open market financing was US$6.3 billion, a year-on-year increase of 209%; total debt financing was US$6 billion, a year-on-year increase of 242%.

　　From January to September 2021, global large-scale solar project acquisitions increased by 129%, reaching a cumulative total of 55.5GW. In the third quarter, 15.8GW of solar projects were acquired in a single quarter. The acquisition of solar energy projects in the first nine months of 2021 has exceeded that of the entire year of 2020.

　　According to the statistics of Mercom, in the first three quarters of this year, the global solar energy industry showed a trend of investment explosion and acceleration of acquisitions and mergers and acquisitions. This year will become the "best year" for the solar energy industry since 2010.

　　In the third quarter of 2021, the total financing of solar companies reached 9.3 billion US dollars, involving 41 transactions. The data for the second quarter was US$5.4 billion, with a total of 35 transactions, an increase of 72% from the previous quarter.

　　“Investment activities in the global solar energy industry continue to be strong this year. This is not just compared with the 2020 epidemic, but compared with the past 10 years. This year will be the best year for solar financing since 2010. With the global energy transition The pace of solar energy is accelerating, and solar energy as a mature renewable energy is growing explosively. The acquisition of solar energy projects in the first nine months of 2021 has exceeded that of the entire year of 2020." Mercom Capital Group CEO Raj Prabhu said.

　　The top five venture capital deals in 2021 are: $800 million raised by Loanpal, $250 million raised by Aurora Solar, $240 million raised by Nexamp, $127 million raised by Intersect Power, and $125 million raised by the fourth partner Energy.

　　A total of 41 venture investors participated in solar financing in the third quarter of 2021.

　　There were 83 M&A transactions from January to September 2021, compared with 42 transactions in the same period last year. In a single quarter, there were 29 solar M&A transactions in the third quarter of 2021, and 34 in the second quarter of 2021, a month-on-month decrease; and in the third quarter of 2020, there were 17 transactions, an increase from the same period last year. The largest M&A transaction is Adani Green Energy's agreement to acquire 100% of SB Energy India from SoftBank Group (80%) and Bharti Group (20%). The transaction valued SB Energy India at approximately US$3.5 billion.

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　　Solar power generation system with lithium battery energy storage system is a very promising clean energy.