RTB Solar PV Valuation Trends in Germany

Germany's solar PV market continues to be a key player in Europe's renewable energy landscape. Our latest data from the first half of 2024 reveals intriguing trends in Ready-to-Build (RTB) solar PV asset valuations across the country.

In H1 2024, RTB solar PV projects in Germany were valued between €70,000 and €150,000 per MWp on the buy-side, with an average of €103,700 per MWp1. On the sell-side, valuations ranged from €100,000 to €170,000 per MWp, averaging €134,500 per MWp1.

The gap between buy-side and sell-side valuations in Germany was relatively narrow at 29.7%, indicating a fairly aligned market perception of asset values1.

Germany's solar PV valuations sit comfortably within the Western European range. Compared to other countries in the region:

• France showed higher valuations, with buy-side averages at €133,500 per MWp and sell-side at €181,500 per MWp1.
• The UK demonstrated wider ranges, from €70,200 to €133,100 per MWp on the buy-side and €133,100 to €234,000 per MWp on the sell-side1.
• Ireland's market presented lower average valuations than Germany, at €95,000 per MWp for buy-side and €165,000 per MWp for sell-side1.

Ready-to-Build (RTB) refers to solar PV projects that have secured all necessary permits and are prepared for immediate construction. This stage is crucial in the asset development lifecycle, representing a significant value inflection point where most development risks have been mitigated.

Germany's solar PV market remains robust, with valuations reflecting investor confidence in the sector. The relatively narrow gap between buy-side and sell-side valuations suggests a mature market with well-aligned expectations between buyers and sellers.

These insights are part of our comprehensive H1 2024 Asset Valuation Report, the largest of its kind globally, which was made available to our premium subscribers in June 2024.

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 on our platform, providing unparalleled market intelligence.

While this data was exclusive to our subscribers in June 2024, we're now making it public to provide valuable market insights. However, given the volatility in the renewable energy sector, valuations may have shifted since then.

For access to live deal flow and the latest semi-annual valuation data, analysis, and trends, consider subscribing to our premium tiers. Our network includes 7,000 developers, investors, and advisors, covering a wide range of clean energy technologies including solar, wind, BESS, hybrid projects, hydro, and hydrogen.

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