RTB Solar PV Valuations in Southern Europe in 2024

Welcome to our comprehensive analysis of Ready-to-Build (RTB) Solar PV asset valuations in Southern Europe for the first half of 2024. This article is part of our semi-annual series examining renewable energy asset valuations across various countries, regions, and on a global scale. Our insights are derived from proprietary transaction data and network intelligence within the PF Nexus marketplace, the world's largest renewable energy asset trading platform.

Our analysis reveals fascinating trends in RTB Solar PV valuations across Southern Europe. Here's a breakdown of the average valuations in EUR/MWp for key countries in the region:

• Italy: €127,500/MWp
• Greece: €106,300/MWp
• Spain: €97,500/MWp
• Portugal: €175,000/MWp

These figures represent a snapshot of the market as of June 2024, when this data was made available to our Financier-tier subscribers. It's important to note that asset valuations can fluctuate rapidly due to market volatility, and the most up-to-date information is crucial for making informed investment decisions.

Italy shows a robust market with an average valuation of €127,500/MWp. The country's strong solar resources and supportive regulatory environment contribute to its attractiveness for solar PV investments.

Greece's average valuation of €106,300/MWp reflects its growing solar market, bolstered by ambitious renewable energy targets and improving investor confidence.

With an average valuation of €97,500/MWp, Spain continues to be a key player in the European solar market, driven by its excellent solar resources and large-scale project pipeline.

Portugal stands out with the highest average valuation in the region at €175,000/MWp, indicating strong investor interest and a favorable regulatory landscape for solar PV development.

Southern Europe's solar PV market shows significant variation in valuations, with a spread of €77,500/MWp between the highest (Portugal) and lowest (Spain) average valuations. This diversity reflects the unique market conditions, policies, and investment climates in each country. For a broader perspective on how Southern Europe compares to other regions, please refer to 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, the project has secured all necessary permits, grid connection agreements, and land rights, making it ready for immediate construction. RTB assets are particularly attractive to investors looking to minimize development risks while still capturing significant value in the project lifecycle.

PF Nexus is the premier marketplace for renewable energy assets, connecting buyers and sellers of utility-scale projects worldwide. Our platform's unique position allows us to gather real-time valuation data from actual transactions and market activity. The insights presented in this article are just a glimpse of the comprehensive data available in our H1 2024 Asset Valuation Report, the most extensive of its kind globally. This report, along with live deal flow and the latest semi-annual valuation data, is accessible to our premium subscribers.

While this article provides valuable insights based on data from the first half of 2024, the renewable energy market is dynamic and fast-moving. To stay ahead of market trends and access the most current valuation data for the second half of 2024 and beyond, consider subscribing to our Financier Tier. Subscribers gain access to:

• Live deal flow from our network of 7,000+ developers, investors, and advisors
• Semi-annual valuation reports covering solar, wind, BESS, hybrid projects, hydro, hydrogen, and other clean energy technologies
• Direct connections with buyers and sellers in the largest specialist network of renewable energy dealmakers worldwide

Southern Europe remains a vibrant and diverse market for RTB Solar PV assets, with each country offering unique opportunities and challenges. As the renewable energy landscape continues to evolve, staying informed with the latest valuation trends is crucial for developers, investors, and advisors alike. For more detailed insights on specific countries within Southern Europe, please visit our country-specific analysis pages:

• RTB Solar PV Valuation Trends in Italy
• RTB Solar PV Valuation Trends in Greece
• RTB Solar PV Valuation Trends in Spain
• RTB Solar PV Valuation Trends in Portugal

To explore how PF Nexus can support your renewable energy investment strategy with the latest market intelligence and deal flow, contact us at scott@pfnexus.com.