Solar Debt Financing on Pace to Reach Highest Since 2010
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Global debt financing to solar companies is on pace this year to reach the highest level since 2010, with almost half going to developers and installers, according to Mercom Capital Group LLC.
Solar companies borrowed about $18.4 billion through the third quarter, almost triple the $6.2 billion last year and $6.8 billion in 2012, Raj Prabhu, chief executive officer of Austin, Texas-based Mercom, said in an interview today.