Financing trends in the solar industry

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Corporate finance in solar has evolved quite a bit over the last seven to eight years since the great recession. The first wave of funding into solar was mostly venture capital (VC) and private equity going into promising technologies, such as thin-film, CSP and CPV, and especially crystalline silicon. It’s hard to believe, but this was a time when polysilicon costs were about US$300-400/
tonne and crystalline silicon module costs were about US$4/W. Venture capitalists poured a lot of money into developing a replacement for the ‘expensive’ crystalline silicon technology based modules.