The solar sector secured $8.1 billion in corporate funding through 41 transactions in the first quarter (Q1) of 2024, marking a 4% decrease from the $8.4 billion raised in 42 deals during the same period in 2023. However, there was a 47% increase in funding compared to Q4 2023, which saw $5.5 billion raised in 37 deals. The numbers were revealed in Mercom Capital Group’s newly released Q1 2024 Solar Funding and M&A Report. In Q1 2024, global venture capital funding for the solar sector amounted to $406 million across 13 deals, an 81% decrease year-over-year from the $2.1 billion raised in 18 deals.