The total global corporate funding in the solar sector during the nine months (9M) of 2023, including venture capital investments, public market funding, and debt financing, reached $28.9 billion, a 55% year-over-year (YoY) increase from $18.7 billion. The numbers were revealed in Mercom Capital Group’s newly released 9M and Q3 2023 Solar Funding and M&A Report. Despite the surge in funding amounts, there was a 5% YoY decline in the number of deals. During 9M 2023, 124 deals were announced against 131 deals during the corresponding period in 2022.