Google- Total corporate funding in the solar sector reached $16.6 billion in the first half of 2024, a 10% decrease YoY from $18.5 billion.
- Despite the decline in funding, the number of deals increased by 9%, with 87 deals in 1H 2024 compared to 80 in 1H 2023.
- VC funding dropped 29%, but Q2 2024 saw a 29% YoY increase in global VC funding, raising $2.2 billion across 16 deals.
- Solar debt financing hit $12.2 billion, marking the highest 1H total for debt financing in a decade, while public market financing decreased by 75%.
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