Total corporate funding into the solar sector, including venture capital, public market financing, and debt financing, reached $11.1 billion through the first quarter of 2026, according to a report from Mercom Capital Group.
Corporate funding, public market financing, and debt investments in the global solar sector experienced 131% year-over-year growth to open the first quarter of 2026, said Mercom Capital Group.
The $11.1 billion raised across 53 deals represents a substantial volume growth from the $4.8 billion secured across 39 deals in the first quarter of 2025.
Global venture capital funding for the solar sector reached $1.1 billion across 17 deals in Q1 2026, down 21% compared to the $1.4 billion raised over 14 deals in the year-ago period. However, VC funding increased 74% quarter-over-quarter compared to the $606 million raised across 20 deals in Q4 2025.
Solar downstream companies accounted for $543 million across 10 deals this quarter, down from $1.3 billion in 12 deals in Q1 2025. The largest VC deals over the period were $343 million raised by Inox Clean Energy, $165 million raised by Clean Max Enviro Energy Solutions, and $150 million raised by Amarenco. Grew Solar and Radiance Renewables also secured significant rounds of $118 million and $100 million, respectively.
