Corporate financing for solar energy falls 39% in the first half of 1

A report released by consultancy Mercom Capital Group found that the global volume of corporate financing for solar energy totaled US$10,8 billion in the first half of 2025 – a 39% drop compared to the US$17,6 billion recorded in the same period of 2024.

This decline is primarily attributed to a scenario of regulatory instability, economic slowdown, and uncertainty in the financial market – factors that would have directly impacted the willingness of investors and creditors to invest in the solar sector, even with its growing importance.

Corporate financing for solar energy is one of the main ways companies finance their projects in the sector, whether for installing their own systems or developing large plants. The report's detailed analysis also shows that all major forms of corporate financing were impacted.

Os financing Public market financing, such as stock and debenture offerings, plummeted 73%. Corporate debt lending fell 41%, while VC (Venture Capital) fell 7% compared to the same period last year.

Despite the general downturn, some companies managed to attract large capital injections, such as Origis Energy, Silicon Ranch and Terabase, all from the United States, in addition to startups European companies, such as Enpal (Germany) and Solveo Energies (France).

For Raj Prabhu, CEO of Mercom Capital Group, this is a time for "real-time recalibration." Despite the investment slowdown, the executive emphasizes that this period of adjustment opens up new opportunities, especially for companies with a solid structure and promising projects.

M&A and consolidation as a response

While direct financing declines, M&A (mergers and acquisitions market) in the solar energy sector saw a 25% increase, with 50 transactions in the first half of 2025.

According to the study, this indicates a consolidation movement, with companies taking advantage of asset devaluation or seeking economies of scale to face this challenging time.

In addition, 106 acquisitions of solar projects under development were recorded, totaling 19,9 GW in capacity, surpassing the volume for the same period in 2024 (18,5 GW), even with a lower number of transactions.

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