Daily News: October 9, 2014

Solar Debt Financing May Reach Highest Since 2010

Bloomberg reported 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.

Solar companies borrowed about $18.4 billion through Q3/14, almost triple the $6.2 billion last year and $6.8 billion in 2012, Raj Prabhu, chief executive officer of Mercom told Bloomberg .

To read the entire Bloomberg article, click here.