RTB Solar PV Valuations in North America in 2024

As the renewable energy sector continues to evolve, understanding the valuation trends of solar PV projects is crucial for investors, developers, and advisors. This article delves into the Ready-to-Build (RTB) solar PV asset valuations in North America for the first half of 2024, providing key insights derived from PF Nexus' proprietary marketplace data.

Based on our comprehensive analysis of transaction data from the PF Nexus marketplace, RTB solar PV projects in North America demonstrated the following valuation ranges in H1 2024:

• Low Valuation: 46,200 EUR/MWp
• Average Valuation: 83,200 EUR/MWp
• High Valuation: 120,200 EUR/MWp

These figures reflect a dynamic market with a significant spread between low and high valuations, indicating diverse project qualities and market conditions across the region.

Within North America, our data primarily focuses on the United States market. The USA exhibited a notable gap between sell-side and buy-side valuations, with a difference of approximately 57.2%. This substantial gap suggests a market where sellers and buyers have divergent expectations, potentially driven by factors such as policy changes, technological advancements, or shifts in financing conditions.

When comparing North American valuations to other regions covered in our global analysis, several interesting patterns emerge:

• North American average valuations (83,200 EUR/MWp) fall below those observed in Western Europe, where countries like France and the UK saw average valuations of 157,500 EUR/MWp and 140,000 EUR/MWp, respectively.
• However, North American valuations generally surpass those in Eastern European markets, such as Ukraine (60,000 EUR/MWp average) and Bulgaria (85,400 EUR/MWp average).
• The North American market shows similar valuation levels to some Southern European countries, like Spain (97,500 EUR/MWp average).

For a broader perspective on global trends, readers can explore our Global Renewable Energy Asset Valuations 2024 Analysis and Trends article.

Ready-to-Build (RTB) refers to a crucial stage in the solar PV project lifecycle. At this point, a project has secured all necessary permits, grid connection agreements, and land rights, making it ready for immediate construction. RTB projects are particularly attractive to investors looking to minimize development risks while still capturing significant value in the project lifecycle.

These valuable insights stem from PF Nexus' unique position as the leading marketplace for utility-scale renewable energy assets. Our platform connects buyers and sellers of renewable energy projects worldwide, allowing us to gather real-time data on market trends and valuations. The data presented in this article was initially shared with our Financier-tier subscribers in June 2024 as part of our comprehensive H1 2024 Asset Valuation Report. This report, the largest of its kind globally, offers in-depth analysis across various regions and technologies.

Given the volatility in the renewable energy market, valuations may have shifted since the publication of this data. To access the most current insights, including our upcoming H2 2024 report, we invite you to subscribe to one of our premium tiers. Subscribers gain access to:

• Live deal flow from our network of 7,000+ renewable energy professionals
• Semi-annual valuation reports covering solar, wind, battery storage, and more
• Ability to connect directly with buyers and sellers of renewable energy assets

The North American RTB solar PV market in H1 2024 showed robust valuations, albeit with significant variations. As the renewable energy landscape continues to evolve, staying informed about these trends is crucial for making strategic investment decisions.For more regional insights, explore our articles on RTB Solar PV Valuations in Western Europe and RTB Solar PV Valuations in Australasia.To leverage these insights for your renewable energy investment strategy, contact us to learn more about our subscription options and how PF Nexus can support your clean energy goals.ShareRewriteSearch ImagesSearch VideosGenerate Image