2018 pv project acquisition situation analysis

Solar photovoltaic (pv) net news: in 2018, the global total of 12. 6 gw in the pv project to carry on the deal, up 55% from 2017. Corresponding pv project investment purchase amount of $20. 2 billion, up 51% from 2017. In this study, we have 2006 between 2018 and 2251 pv acquisition ( Total trading capacity of 97 gigawatts (gw), in the different development stage), Has carried on the thorough analysis.

in the top 20 photovoltaic project buyers have energy power plant, infrastructure funds, independent power producers ( IPP) Photovoltaic (pv) of listed companies and professional. Among them, there are ten buyers acquired project is located in the americas, eight buyers is active in Europe, the Middle East and Africa ( EMEA) Only acquired two buyers, the project is located in the asia-pacific region ( APAC) 。 By the end of 2018, the United States Con Edison power plant for the price of $2 billion acquisition of Sempra Energy 966 mw photovoltaic combination project, become the single largest acquisition of buyers.

as part of this study, we communicate with more than a dozen investors. Photovoltaic project in view of the different target markets, and there are two situations with and without government subsidies, so the use of debt capital to invest in pv projects have been put into operation, the internal rate of return (obtained IRR) In the range between 4% to 10%. Since the development boom ( 2010 - 2012) Since the end of the pv project yields have plunged; In 2018, the main market yields in Europe also appeared to fall further.

the UK pv market is the focus of institutional investors in Europe, resulting in the British market competition intensifying, photovoltaic project investment income is compressed. Photovoltaic project in 2018, the average price of 1. 33 million pounds/MW ( 1. $88 / W) From 2017, 1. 11 million pounds/MW ( 1. 44 $/ W) Rose by 19%. However, in 2018 the British photovoltaic trading capacity fell 15% year-on-year. Overall, the European pv market is in short supply, the existing photovoltaic project is difficult to meet the needs of investors.