Global Funding For Solar Including Venture Capital And IPOs Jumped 21% In Q1 2021 To $8.1 Billion In 36 Deals From 43 Investors Even As Solar Sector Stocks Cooled New Analysis Shows; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Sees Soaring Future In Solar Energy

Global corporate funding for solar including venture capital, public funds and IPOs jumped 21% in Q1 2021 to $8.1 billion in 36 deals from 43 investors, says a new report from Mercom Capital Group, Inc. Even as solar sector stock cooled during Q1, solar project corporate funding jumped to $8.1 billion this quarter  from $6.7 billion in Q42020 a just released study shows. Solar funding leaped 246% YOY compared to Q1 2020. The only sector that declined was public market financing which dropped slightly to $2.8 billion in Q1 2021 from $3 billion in Q4 2020. New renewables raised $3.8 billion in Q1 2021 vs. $400 million in Q4 2020. To register for the executive summary of the report, “Q1 2021 Solar Funding And M&A Report,” go to Mercom’s Summary Form.

stockmarketpress.com features specialized coverage of related stocks in the solar, roofing, EV charging stations and battery charging energy industry such as Solar Integrated Roofing Corp. (OTC PINK: SIRC), Sunrun, Inc. (NASDAQ: RUN), Blink Charging Co. (NASDAQ: BLNK), Tesla, Inc. (NASDAQ: TSLA), GM (NYSE: GM), SolarEdge Technologies, Inc. (NASDAQ: SEDG), First Solar, Inc. (NASDAQ: FSLR), SunPower (NASDAQ: SPWR), Gibraltar Industries, Inc. (NASDAQ: ROCK), Spartan Acquisition Corp. II (NYSE: SPRQ). and Canadian Solar Inc. (NASDAQ: CSIQ).

Global Funding For Solar Including Venture Capital And IPOs Jumped 21% In Q12021 To $8.1 Billion In 36 Deals From 43 Investors Even As Solar Sector Stocks Cooled New Analysis Shows; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Sees Soaring Future In Solar Energy

In Q1 2021, the Report shows, there were fewer but higher value deals closed compared to Q4 2020. Reflecting the strength of solar, there were 20 solar M&A transaction in Q1 2021 compared to just 12 similar transactions in the same quarter last year 2020. Global Funding For Solar Including Venture Capital And IPOs Jumped 21% In Q1 2021 To $8.1 Billion In 36 Deals From 43 Investors Even As Solar Sector Stocks Cooled New Analysis Shows; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Sees Soaring Future In Solar Energy.

Financing Activity Started Strong In Q1 2021

Raj Prabhu, CEO of Marcom, said, “Financing activity in the solar sector started strong in 2021 with Q1 numbers up substantially year-over-year. Even though solar stocks lost some of their spark in the first quarter after an unprecedented run in 2020, a big IPO and record securitization activity lifted overall fundraising totals. Solar assets continue to be in great demand with almost 15 GW of projects acquired in Q1.”

Debt Financing Substantial In Q! 2021 Jumped To $4.3 Billion

The Mercom report found that among the greatest sources of solar funding was debt. Overall, in Q1 2021 there was a 48% hike to $4.3 billion in 14 deals by debt financing compared to Q4 2020 when $2.9 billion was raised in 14 deals of debt financing. Venture capital rose 33% in Q1 2021 for solar rising to $1 billion in 14 deals compared to $773 million in VC funding in 12 deals in Q4 2020. Global  Funding For Solar Including Venture Capital And IPOs Jumped 21% In Q1 2021 To $8.1 Billion In 36 Deals From 43 Investors Even As Solar Sector Stocks Cooled New Analysis Shows; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Sees Soaring Future In Solar Energy.

Solar Integrated Roofing Corp. (OTC PINK: SIRC) Sees Solar Market Booming

David Massey, CEO of SIRC, recently told MicroCap investors he sees a bullish market for solar. As a result, his company is active in  solar roofing installations in multiple states, solar batteries especially as a certified partner putting in Tesla’s (NASDAQ: TSLA) PowerWall, and other clean energy sectors. These include EV Charging Stations and even agreement with Solectrac, Inc., an all-electric tractor developer and manufacturer located in Northern California. That company is now 24% owned by Ideanomics (NASDAQ: IDEX). and Solectrac is an applicant for a $500 million USTDA grant.

As the global investment market for solar jumps, in the U.S., solar growth will also be driven by government funding. The Department of Energy (DOE) and its Solar Energy Technology Office (SETO) are making grants of between $300,000-$5 million for solar-thermal research projects and companies expanding solar to new markets. The goal: a decarbonized electricity system by 2035, a 100% clean energy economy with net-zero emissions by 2050. To President Biden, the $2.3 trillion infrastructure program leans heavily on clean renewable energy — everything from solar to wind. EV charging stations also play a key role with Biden setting a goal of a network of 500,000 charging ports in the U.S. Lobbying group SEIA predicts a quadrupling of solar installations by 2030. EV Charging Stations are vital to Tesla (NASDAQ: TSLA) and General Motors (NYSE: GM) and their sales of all-electric vehicles.

SIRC On An Acquisition Spree In Solar Sector

Solar Integrated Roofing Corp. (OTC PINK: SIRC) is focused on growing in clean energy and particularly solar and EV battery energy storage. SIRC recently closed on its purchase of another established clean energy renewable  solar and roofing solutions providers and installer Cornerstone Construction. With operations in five states, Cornerstone Construction is being driven by SIRC to increase its solar installation activity, Massey said. Global Funding For Solar Including Venture Capital And IPOs Jumped 21% In Q1 2021 To $8.1 Billion In 36 Deals From 43 Investors Even As Solar Sector Stocks Cooled New Analysis Shows; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Sees Soaring Future In Solar Energy.

SIRC also acquired solar installer Enerev LLC. To learn more, go to https://www.enerevsolar.com/getting-started. Learn more about SIRC at https://www.solarintegratedroofing.com/corporate-governance/leadership/.

Source: Stock Market Press

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