More than half a billion VC dollars raised since the Solyndra bankruptcy announcement
to the preliminary numbers compiled by Mercom Capital Group, Venture
Capital (VC) funding in the solar sector so far this year has surpassed
2010 totals. Year to date VC funding (as of Nov. 30, 2011) amounts to
$1.71 billion compared to $1.67 billion in in 2010.
number of venture deals this year crossed the 100+ mark for the first
time and will make 2011 the best year in terms of number of venture
deals in a year.
On a positive note for the industry, more than half a billion VC dollars
went into 30+ deals since the Solyndra bankruptcy announcement, at the
end of August.
"VC funding activity since the Solyndra bankruptcy has been strong and
it looks like the market has moved on," commented Raj Prabhu, Managing
Partner at Mercom Capital Group. "This is good news in an otherwise
Complete Mercom solar annual funding and M&A report will be available in January for download at: http://mercomcapital.com/cleanenergyreports.php