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Global solar investment and financing bucks the trend 2023-08-29

By the new crown pneumonia epidemic and the Russian-Ukrainian geopolitical impact, as of now, the world economic recovery continues to face inflation, interest rate hikes, financial tightening pressure. Even so, the solar industry still shows strong development vitality. 1-6 months, the global solar industry harvested 18.5 billion U.S. dollars in financing, compared with the same period last year, an increase of 54%.

The overall global economic recovery situation is still full of uncertainty, the solar industry in this uncertainty to maintain market competitiveness. Data analysis organization Avnet Abacus technical director Sarah Gamay said that in the second quarter of this year, global venture capital investment fell 49% year-on-year. Nevertheless, the financial capital market judgment of the solar energy industry but against the wind, the industry's future development is still full of confidence.

The latest data from the European market research company Avnet Abacus shows that from January to June this year, the financial capital market invested $6.53 billion in European solar startups, and the financing in the first half of 2022 was only $1.27 billion, a year-on-year increase of 414%; for the whole year of 2022, European solar startups harvested a total of $7.2 billion in financing to break the all-time high, while the first half of this year has been accomplished 90% of last year's size and will set a new record.

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