According to the latest report of Bloomberg New Energy Finance, for the investors purchasing PV power inverter equipments, the year 2011 is a milestone year. The purchasing amount reached 3.96GW, which the value is about 10.8 million Euros and increased 120% than that in 2010. Italy and America are the first choice for the investors. The total average cost is 36 billion Euros per GW.
Michael Liebreich, in charge of the Bloomberg New Energy Finance, points out, ‘the bloom of the PV inverter industry in Spain and Italy is brought by the FIT, so that won’t be long. It gives birth of numbers of assets, so that a very attractive cash flow is emerging. They are owned by the developer, producer and contractor so far. These enterprises have high cost of their capital and many companies are willing to recycle the current funds into the new projects. They sell their projects to the long investor at a low cost. These investors are pleased with the return rate from 5% to 15% between 20 and 25 years. PV projects are very attractive to these investors.
BNEF said that as the price of modules decrease fast, the valuation of PV power inverter equipments meets a huge decline. The report named The Solar Portfolio Hunters: Focus on the Acquisition and Valuation of Solar Assets calculates that the peak of the valuation of PV equipment reduces 44% compared to that of 2008. The reason is the bloom of Spain can’t be continued.
From the view of geographic, Italy is the most popular trading market and the sold 540MW last year. But the United States still occupied the biggest share by the completed five biggest trades.
According to BNEF, the 2.8GW of the acquisition amount of 3.9GW at the time of acquisition in 2011 have been completed or has the power transmission, or has already started construction. The remaining 1.1GW project has been approved but not yet started. The five projects are in construction, not completed or has been put into operation the solar park.