RTB Solar PV Valuation Trends in Greece

Greece's solar PV market continues to show robust growth in 2024, with Ready-to-Build (RTB) project valuations reflecting strong investor appetite. Based on exclusive data from PF Nexus' marketplace activity, we present a comprehensive analysis of Greek solar PV asset valuations for the first half of 2024.

In H1 2024, Greek RTB solar PV projects commanded the following valuations:

• Buy-side range: €75,000 - €106,300 per MWp
• Sell-side range: €106,300 - €135,000 per MWp
• Average buy-side valuation: €93,800 per MWp
• Average sell-side valuation: €118,800 per MWp

The gap between average buy-side and sell-side valuations stands at 26.65%, indicating a relatively aligned market expectation between buyers and sellers.

Compared to other Southern European countries, Greece's solar PV valuations show interesting trends: Greece Average Buy-side Expectation (€/MWp): 93,800 Average Sell-side Expectation (€/MWp): 118,800 Italy Average Buy-side Expectation (€/MWp): 101,200 Average Sell-side Expectation (€/MWp): 153,700 Spain Average Buy-side Expectation (€/MWp): 79,500 Average Sell-side Expectation (€/MWp): 115,500 Portugal Average Buy-side Expectation (€/MWp): 137,500 Average Sell-side Expectation (€/MWp): 212,500

Greece maintains a competitive position within the Southern European market, offering attractive valuations for investors while still providing solid returns for developers1.

Ready-to-Build (RTB) refers to solar PV projects that have secured all necessary permits and are prepared for immediate construction. This stage represents a critical point in the asset development lifecycle, where projects transition from the development phase to construction and operation.

The Greek solar PV market demonstrates strong fundamentals, supported by:

1. Favorable government policies

2. Abundant solar resources

3. Increasing demand for clean energy

These factors contribute to the robust valuations observed in the first half of 2024. However, it's important to note that asset valuations may have shifted since June 2024 due to market volatility.

PF Nexus is the 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.

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. We've now made this valuable information available to the public to provide transparency and insights into the dynamic renewable energy market.

To gain access to live deal flow and the most up-to-date semi-annual valuation data, analysis, and trends, consider subscribing to one of our premium tiers. Our network includes over 7,000 developers, investors, and advisors, covering a wide range of clean energy technologies such as solar, wind, BESS, hybrid projects, hydro, and hydrogen.

By subscribing, you'll tap into the largest specialist network of renewable energy dealmakers globally, giving you a competitive edge in the fast-paced world of renewable energy investments.

For more information on broader trends, explore our articles on RTB Solar PV Valuations in Southern Europe in 2024 and Global RTB Solar PV Asset Valuations 2024 Analysis and Trends.

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