GM Marketplace: Land investment with PV Plant in Spain

Tags: Espagne GM Marketplace SolairePV

The target of the sale is the 100% interest in Monteblanco Energia SL. Monteblanco Energia is a Spanish SPV holding a piece of 70ha of land in Extremadura region that is rented to a 18MW operational solar park. The Spanish SPV therefore has got an asset (land) and a long-term cash flow generation (landlease contract). We are selling the SPV debt free and with a long term landlease contract that guarantees an inflation-protected income until 2042. This solar land investment delivers a very robust cash flow profile over more than 20 years due to the seniority of landlease payments in the cash flow cascade of any project financed solar asset.

Marketplace Land SpainThe structure of the land lease comes with a step up. It starts with 160.000 euros annually and then goes up to over 1 million euros per year in 2032. We have modelled this asset on greenmatch taking into account the projected land lease payments and a terminal value at the end. The valuaton of Monteblanco is 5 million euros. The investor who buys Monteblanco will get a highly secured 4% unlevered IRR with the real possibility to increase that return by adding some low cost leverage (below 2% cost).

So, in summary, these are the main terms:

  • Land & lease contract SPV
  • Lease payments related to a Solar Plant with FIT in Spain
  • Inflation-protected income
  • Fully derisked 4% unlevered IRR
  • Upside of 200-300bps by adding low cost leverage

Go to Marketplace

To see how the greenmatch Marketplace works, read our Knowledge Center article How to get access to a project on the GM Marketplace.

You don’t have an account for greenmatch yet? Request your trial now!

Are you interested in marketing your projects via greenmatch?

Take advantage of the greenmatch community and choose the digital way to market your projects. Through greenmatch you can reach potential buyers in just a few clicks which saves you valuable time. We would be happy to support you in the modelling of your projects and the best possible marketing via our platform. Your project deserves to be presented in the best light! Contact us for further information or book a personal online demo session and we will guide you through the functionalities of greenmatch – the financial modeling software for renewable energies.

Do you have questions? Contact us!


greenmatch AG

Ces articles pourraient vous intéresser :

A PROPOS DE greenmatch

greenmatch est le premier logiciel financier pour les énergies renouvelables. Cette application très flexible modélise le cycle de vie financier complet de vos projets éoliens, photovoltaïques, hydroélectriques et de biomasse et optimise votre flux de travail. Son approche collaborative et intégrative permet d’analyser et d’exécuter les projets et les portefeuilles de manière plus efficace, plus compréhensible et plus fiable. Nos solutions permettent aux développeurs de projets, aux investisseurs et aux banques de prendre des décisions fiables et d’augmenter le succès de leurs transactions. greenmatch est un modèle innovant qui remplace les applications traditionnelles de feuilles de calcul.