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Total corporate funding, including venture capital and private equity funding (VC), public market, and debt financing in 1H 2026 totaled $16.9 billion, up 56% year-over-year (YoY) compared to the $10.8 billion raised in 1H 2025. The number of deals increased 23% YoY with 96 deals in 1H 2026 compared to 78 during the same period last year.

In 1H 2026, VC funding activity decreased 40% YoY with $1.5 billion compared to $2.5 billion in the first of 2025. Deal activity increased 9% YoY with 35 deals in the first half of 2026 compared to 32 in 1H 2025. In Q2 2026, global VC funding activity declined 60% YoY with $445 million raised in 18 deals compared to $1.1 billion in the same number of deals in Q2 2025.

Solar public market financing in 1H 2026 totaled $2.2 billion in 17 deals, a 371% increase compared to $467 million in five deals in 1H 2025.

Solar debt financing activity in 1H 2026 reached $13.2 billion in 44 deals, a 69% increase compared to 1H 2025 when $7.8 billion was raised in 41 deals.

In 1H 2026, three securitization deals totaled $540 million, a 66% decrease YoY compared to $1.6 billion raised in four deals in 1H 2025.

There were 347 companies and investors covered in this report. It is 70 pages in length and contains 64 charts, graphs, and tables.

Mercom Capital Group’s Quarterly Solar Funding and M&A Reports are comprehensive high-quality reports delivering superior insight, market trends, and analysis. These reports help bring clarity to professionals in the current financial landscape of the solar industry.

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Quarterly market and deal activity displayed in easy-to-digest charts, graphs, and tables, alongside data-driven analysis.

The report covers all types of deals and financing activity, including:

• Venture capital funding deals, including top investors, QoQ and YoY trends, and a breakdown of charts and graphs by technology, sector, stage, and country;
• Large-scale project funding deals, including top investors, QoQ and YoY trends and breakdown charts and graphs by technology and country;
• Public market financing, including equity financing, private placements, and rights issues;
• Debt and other funding deals, as well as QoQ and YoY trends;
• Large-scale project acquisitions and active project acquirers;
• Mergers and acquisitions (M&A), including QoQ and YoY trends, a breakdown of charts and graphs by technology and sector, as well as project M&A activity;
• New cleantech and solar funds;
• Large-scale project costs per MW.

This report also contains comprehensive lists of all announced Q2:

• VC funding, debt financing, public equity financing, and project funding deals;
• VC and project funding investors;
• M&A transactions;
• Project acquisitions by amounts and megawatts;
• M&A, and project M&A transactions;

Mercom’s comprehensive report covers deals of all sizes across the globe. Have questions about the report? Email us here.