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Title: Corporate funding in solar sector falls 76 per cent in H1 2020 to USD 462 mn: Report
Source:The Economic Times
Date:12 July 2020

Total corporate funding in India's solar energy sector dropped 76 per cent to USD 462 million (about Rs 3,474 crore) in the first half of 2020, a report said. Corporate funding includes venture capital funding, public market, and debt financing. As per the report by Mercom Capital Group, a global clean energy communications and consulting firm, total worldwide corporate funding in the solar sector during January-June 2020 stood at USD 4.5 billion, down 25 per cent from USD 6 billion in the corresponding period of the previous year. Corporate funding in India in H1 2020 was USD 462 million, a 76 per cent fall compared to USD 1.9 billion during January-June 2019, it said.

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