RTB Solar PV Valuation Trends in New Zealand

New Zealand's Ready-to-Build (RTB) solar PV project valuations showed a notable trend in the first half of 2024, with a relatively narrow range compared to other countries in the Australasia region. Based on proprietary data from PF Nexus' marketplace activity, RTB solar PV projects in New Zealand were valued between €47,800/MWp and €54,100/MWp on the buy-side, with an average of €50,800/MWp.

On the sell-side, valuations ranged from €53,400/MWp to €64,600/MWp, averaging €57,400/MWp. This data reveals a modest gap of 12.99% between the average buy-side and sell-side valuations, indicating a relatively aligned market perception between buyers and sellers in New Zealand's solar PV sector.

When compared to Australia, the other country in the Australasia region for which we have data, New Zealand's solar PV market shows some distinct characteristics:

1. Valuation Range: New Zealand's valuation range is narrower than Australia's, suggesting a more stable market perception.

2. Average Valuations: New Zealand's average valuations (€50,800/MWp buy-side, €57,400/MWp sell-side) are slightly higher than Australia's (€49,900/MWp buy-side, €81,200/MWp sell-side).

3. Buy-Sell Gap: The gap between buy-side and sell-side valuations is significantly smaller in New Zealand (12.99%) compared to Australia (62.73%), indicating a more aligned market.

Ready-to-Build (RTB) refers to a crucial stage in the asset development lifecycle where all necessary permits, grid connection agreements, and land rights have been secured, allowing construction to commence immediately. This stage is particularly attractive to investors looking for projects with reduced development risk but still offering potential for value creation through construction and operation.

These valuation trends are derived from real-world transaction data and network insights on PF Nexus, the leading marketplace for renewable energy assets. Our platform connects buyers and sellers of utility-scale renewable energy projects, providing unparalleled market intelligence.

The data presented here 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 the volatility in the renewable energy market, current valuations may have shifted since this data was collected.

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:

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For more comprehensive insights, explore our articles on RTB Solar PV Valuations in Australasia in 2024 and Global Renewable Energy Asset Valuations 2024 Analysis and Trends1.

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