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According to Mercom Capital Group the corporate funding into the solar sector declined to USD 1.7 billion in April-June quarter which is a 41 percent decline as compared to the USD 2.8 billion raised in Jan-March period of 2016.
A report has been released by Mercom Capital Group, LLC, a global clean energy communications and consulting firm, on funding and merger and acquisition (M&A) activity for the solar sector in the second quarter of 2016.
It said that the total corporate funding, including venture capital funding, public market and debt financing into the solar sector in Q2 2016 fell to USD 1.7 billion this quarter, a 41 percent drop against USD 2.8 billion raised in Q1 2016.
