RTB Solar PV Valuation Trends in Spain

Spain's solar PV market continues to attract significant attention from investors and developers alike. Based on proprietary data from PF Nexus, the leading renewable energy asset marketplace, we present exclusive insights into Ready-to-Build (RTB) solar PV project valuations in Spain for the first half of 2024.

In H1 2024, RTB solar PV projects in Spain demonstrated the following valuation trends:

• Buy-side valuations ranged from €60,000 to €100,000 per MWp, with an average of €79,500 per MWp.
• Sell-side valuations spanned from €97,500 to €140,000 per MWp, averaging €115,500 per MWp.

The gap between sell-side and buy-side average valuations stood at approximately 45.28%, indicating a significant disparity in price expectations between buyers and sellers.

Comparing Spain's valuations to other Southern European countries:

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

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

Greece Buy-side Average (€/MWp): 93,800 Sell-side Average (€/MWp): 118,800

Portugal Buy-side Average (€/MWp): 137,500 Sell-side Average (€/MWp): 212,500

Spain's RTB solar PV valuations were generally lower than its Southern European counterparts, potentially offering attractive opportunities for investors seeking value in the region.

Ready-to-Build (RTB) refers to a crucial stage in the solar PV asset development lifecycle. At this point, projects have secured necessary permits and grid connections, making them primed for construction. RTB assets are particularly attractive to investors looking to balance risk and return in their renewable energy portfolios.

The Spanish solar market remains robust, driven by strong government support for renewable energy and excellent solar resources. The valuation gap between buyers and sellers suggests a dynamic market with potential for negotiation and deal-making.

It's important to note that these valuations reflect data from H1 2024 and may have shifted due to market volatility. For the most up-to-date insights and live deal flow, consider subscribing to PF Nexus' premium services.

PF Nexus is the world's leading renewable energy asset marketplace, connecting investors and buyers with developers and sellers of renewable energy projects globally. Our network of over 7,000 professionals covers a wide range of clean energy technologies, including solar, wind, battery energy storage systems (BESS), hybrid projects, hydro, and hydrogen.

The data presented in this article 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.

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

• Exclusive access to the latest valuation insights
• Ability to connect with buyers and sellers of live renewable energy projects
• Comprehensive analysis of market trends across various technologies and regions

For more information on global trends, please refer to our "Global Renewable Energy Asset Valuations 2024 Analysis and Trends" article. To explore broader regional insights, check out our "RTB Solar PV Valuations in Southern Europe in 2024" analysis.

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