Solar companies raised $12.2 billion across 50 debt financing deals in the first six months of 2024.
Solar companies recorded the highest amount in debt financing in a decade during the first half of 2024, Mercom Capital Group has reported. Solar companies raised $12.2 billion across 50 debt financing deals in the period, marking a 53% increase from the $8 billion raised in 33 deals during the first six months of 2023.
1% in the year-to-date and -42.8% over the past 12 months. Source Mercom Capital Group Interest Rate Cuts Source Y-Charts The renewable energy sector tends to be highly sensitive to interest rates because clean energy developers usually borrow lots of capital upfront to build projects. Further, the cost of electricity generated from renewable energy tends to be impacted more negatively by rising interest rates compared to electricity generated from oil and gas.
Solar Stocks Energy Renewables Debt Interest Rates Earnings
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
What Happens to Those Solar Panels When Solar Companies Shut DownAs solar companies go out of business, residents are left with roof panels that don't work.
Read more »
Beyond the aurorae: How solar flares spill out across the Solar SystemThe Sun is extremely active right now, blasting the Earth with the biggest solar storms in 20 years. This is what it is doing to the rest of the Solar System.
Read more »
Saudi Arabia Enters JVs With Chinese Solar FirmsSaudi Arabia has entered intojoint ventureswith two Chinese solar firms to build solar
Read more »
Labour could borrow more without UK bond market backlash, say investorsRelaxing fiscal rules unlikely to provoke a Liz Truss-style gilts crisis, according to fund managers
Read more »
Labour need to give UK a break and borrow to investA LEADING trade union boss has said she does not agree with Labour's fiscal rules and called on the party to borrow to invest...
Read more »
HSBC offers mortgage customers up to £1m in extra loans as it changes lending rulesThe high street lender is changing the amount people can borrow on its home loans
Read more »