RTB Solar PV Valuation Trends in Australia

RTB Solar PV Valuation Trends in Australia

6 Jan 2025

RTB Solar PV Valuation Trends in Australia

RTB Solar PV Valuation Trends in Australia: H1 2024 Insights

The Australian solar PV market continues to show robust growth, with Ready-to-Build (RTB) project valuations reflecting the country's commitment to renewable energy. Based on exclusive data from PF Nexus' marketplace activity in the first half of 2024, we've compiled key insights into RTB solar PV asset valuations in Australia.

Key Valuation Insights

In H1 2024, RTB solar PV projects in Australia were valued between €36,474/MWp and €70,699/MWp on the buy-side, with an average of €49,909/MWp2. Sell-side valuations ranged from €54,711/MWp to €127,660/MWp, averaging €81,216/MWp2.

The significant gap between buy-side and sell-side valuations, approximately 62.7%, indicates a dynamic market with differing expectations between buyers and sellers2.

RTB Solar PV Valuation Trends in Australia

Regional Context

Within the Australasia region, Australia's solar PV valuations differ notably from those in New Zealand:

New Zealand Buy-side Average (€/MWp equivalent): 50,787 Sell-side Average (€/MWp equivalent): 57,360

Australia shows a wider valuation range and a larger gap between buy-side and sell-side expectations compared to New Zealand, suggesting a more volatile market.

Understanding RTB Projects

Ready-to-Build (RTB) refers to solar PV projects that have secured necessary permits and are prepared for construction. This stage is crucial in the asset development lifecycle, representing a significant milestone where projects transition from development to implementation.

Market Insights and Trends

The wide valuation range in Australia reflects various factors influencing the market:

  1. Policy Environment: Supportive government policies and renewable energy targets.

  2. Grid Connection Challenges: Varying costs and complexities across different regions.

  3. Land Availability: Differences in land costs and suitability for solar projects.

  4. Market Competition: Increasing interest from both domestic and international investors.

About PF Nexus and Our Data

PF Nexus is a leading renewable energy asset marketplace, connecting investors and buyers with developers and sellers of renewable energy projects worldwide. Our valuation insights are derived from real-time transaction data and network activity, providing unparalleled market intelligence.

This data was initially shared with our premium subscribers in June 2024 as part of our comprehensive H1 2024 Asset Valuation Report, the largest of its kind globally. Given market volatility, current valuations may have shifted since this data was collected.

Access to Latest Insights and Deal Flow

To gain access to live deal flow and the most recent semi-annual valuation data, analysis, and trends, consider subscribing to one of our premium tiers. Subscribers benefit from:

  • Connection to buyers and sellers of live renewable energy projects
  • Access to our network of 7,000+ developers, investors, and advisors
  • Insights across various clean energy technologies including solar, wind, BESS, hybrid projects, hydro, and hydrogen

For the most up-to-date valuation trends and to explore opportunities in the Australian solar PV market, visit our Global RTB Solar PV Asset Valuations 2024 Analysis and Trends page or our broader RTB Solar PV Valuations in Australasia in 2024 analysis.

UNLOCK DEALFLOW

Access the mid-market’s most active deal network.

It takes two minutes to register, for free.