Solar Companies Forced To Borrow To Finance Growth

Solar companies recorded the highest amount in debt financing in a decade during the first half of 2024, Mercom Capital Group has reported.  Solar companies raised $12.2 billion across 50 debt financing deals in the period, marking a 53% increase from the $8 billion raised in 33 deals during the first six months of 2023. According to Raj Prabhu, CEO of Mercom, solar companies are increasingly being forced to borrow to finance growth while investors sit out due to several industry headwinds including high interest rates, a renewed…