RTB Solar PV Valuation Trends in Portugal

Portugal's solar PV market has shown remarkable strength in the first half of 2024, with Ready-to-Build (RTB) project valuations reaching impressive levels. According to exclusive data from PF Nexus, the leading renewable energy asset marketplace, RTB solar PV projects in Portugal commanded some of the highest valuations in Southern Europe during this period.

In H1 2024, RTB solar PV projects in Portugal were valued as follows:

• Buy-side range: €100,000 - €175,000 per MWp
• Sell-side range: €175,000 - €250,000 per MWp

The average buy-side valuation stood at €137,500 per MWp, while the average sell-side valuation reached €212,500 per MWp. This significant gap between buy-side and sell-side expectations indicates a robust seller's market in Portugal.

Compared to other Southern European countries, Portugal's solar PV valuations were notably high:

Italy Avg. Buy-side (€/MWp): 101,200 Avg. Sell-side (€/MWp): 153,700

Spain Avg. Buy-side (€/MWp): 79,500 Avg. Sell-side (€/MWp): 115,500

Greece Avg. Buy-side (€/MWp): 93,800 Avg. Sell-side (€/MWp): 118,800 Portugal's premium valuations reflect the country's strong solar resources and supportive regulatory environment.

Ready-to-Build (RTB) refers to a crucial stage in the solar project development lifecycle. At this point, a project has secured all necessary permits and grid connections, making it immediately ready for construction. RTB projects are highly valued as they represent a lower-risk investment compared to earlier-stage developments.

The high valuations observed in Portugal's solar PV market can be attributed to several factors:

1. Excellent solar resources

2. Supportive government policies

3. Growing investor appetite for renewable assets

4. A limited supply of high-quality projects

These trends align with broader patterns observed across Southern Europe, as detailed in our regional analysis of RTB Solar PV Valuations in Southern Europe in 2024.

The valuation data presented in this article is derived from real-world transactions and market activity observed on the PF Nexus platform. As the world's leading renewable energy asset marketplace, PF Nexus connects buyers and sellers of utility-scale renewable energy projects, providing unparalleled insights into market dynamics.

Our network of over 7,000 developers, investors, and advisors actively engaged in renewable energy dealmaking allows us to capture accurate, up-to-date valuation data across various technologies, including solar, wind, battery energy storage systems (BESS), and more.

While this article provides valuable insights into Portugal's solar PV market for H1 2024, it's important to note that asset valuations can change rapidly due to market volatility. To access the most current deal flow and semi-annual valuation data, analysis, and trends, consider subscribing to one of our premium tiers.

PF Nexus premium subscribers gain exclusive access to:

• Live renewable energy deal flow
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By leveraging the power of the PF Nexus platform, renewable energy professionals can make informed decisions and capitalize on emerging opportunities in this dynamic market.

For the latest insights and to explore how PF Nexus can support your renewable energy investment or development strategies, visit our Global Renewable Energy Asset Valuations 2024 Analysis and Trends page.