Corporate funding into the solar energy industry topped $11.7 billion last year, a 20 percent increase compared to the $9.7 billion raised in 2018.
Funding included venture capital, private equity, debt financing and public market financing, according to a report on investment funding sources, according to the communication and consulting firm Mercom Capital Group of Austin.
Of that total, debt financing accounted for $7.8 billion raised in 46 deals and public market financing represented another $2.5 billion in funding.
Investments by venture capital and private equity amounted to $1.4 billion in 53 deals, according to the report.