Wind sector sees record $15.4 bn corporate funding in 2015
Total global corporate funding in the wind sector hit a record USD 15.4 billion last year, says a report by clean energy communications and consulting firm Mercom Capital Group.
"Total global corporate funding in the wind sector, including venture capital/private equity (VC/PE), debt financing and public market financing, raised by public companies shot up to a record USD 15.4 billion, compared to USD 11.8 billion in 2014," the report said.
Global VC investments rose to USD 520 million in 14 deals in 2015, compared to USD 311 million in 15 deals in 2014, it added.
Debt financing increased over 56 per cent this year, bringing in USD 12 billion in 40 deals, compared with last year's USD 7.7 billion in 23 deals.
The large-scale project funding deals totaled USD 18.3 billion in 101 deals as against USD 19.9 billion in 120 deals previous year, according to the report.