Solar Venture Funding Falls to Lowest Since 2008: Mercom

By Ehren Goossens, Bloomberg:

Venture-capital funding for the solar-power industry fell 81 percent to $72 million in the third quarter, the lowest since 2008, according to a report by Mercom Capital Group LLC.

This was the first sub-$100 million quarter in five years, the Austin, Texas-based clean-energy consulting firm said today in a statement.

Falling solar panel prices aren’t good for the companies that make them, the upstream manufacturers, said Raj Prabhu, managing partner at Mercom, while low prices have been “really good for those downstream” that buy them, like SolarCity Inc., which on Friday filed plans to raise more than $200 million in an initial public offering… Read more

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