Solar funding sees a 25% drop but oil and gas firms among top acquirers

Oil and gas majors were the major acquirers of solar assets in 1H 2020 accounting for 45 per cent or about 6.5 GW of acquisitions during the period

The total corporate funding in the first half of 2020 (1H2020) dropped 25 per cent to $4.5 billion, compared to $6 billion last year, even though a report says it could have been worse. The funding included venture capital funding, public market, and debt financing.

Indicating a deliberate shift towards clean energy, oil and gas majors were the major acquirers of solar assets in 1H2020, accounting for 45 per cent, or about 6.5 gigawatt (Gw) of acquisitions during the period.

“Financial activity in the first half of the year reflects the realities on the ground. Even though solar stocks have