130-MWp Solar PV Photovoltaic Farm in North Macedonia (RTB)

The North Macedonia 130 MW Solar PV Project is a large-scale renewable energy development aimed at supporting the country’s energy independence and decarbonization roadmap. With all permits secured and grid access approved, the project is investment-ready and positioned for rapid deployment.

Key Project Highlights

1. 01
   Installed Capacity130 MWp
2. 02
   Expected Annual Generation208,000 MWh
3. 03
   Yield Factor1,600 kWh per kW peak installed
4. 04
   Grid ConnectionApproved 110 kV transmission line
5. 05
   Land & PermitsAll required permits obtained (environmental, land-use, construction)
6. 06
   Project StatusAdvanced development stage – ready for construction

Financial Overview

• €100 million
• €1.53 million
• A €66/MWh tariff generates average annual revenue of approximately €16 million
• €14.5 million
• 19%
• 5.5 years
• €18.5 million
• €30/MWh
• Capital Structure: Senior debt financing has been successfully secured and ratified via banking institutions.

Market & Investment Potential

• North Macedonia is investing heavily in renewables to meet European climate goals and strengthen domestic energy production.
• The country’s supportive regulatory framework and ongoing energy market reforms enhance project bankability.
• This project offers investors a secure, fully permitted, high-yield infrastructure asset.

Capital Structure: Senior debt financing has been successfully secured and ratified via banking institutions.

Note: The Seller is actively seeking a strategic equity partner for 20–30% participation in the project.

All financial figures, projections, and performance metrics presented in this document are indicative and based on current assumptions. Actual results may vary due to factors including, but not limited to, inflation, foreign exchange fluctuations, regulatory changes, and market conditions such as currency depreciation or energy price volatility.

Metric / Financial Parameter	Value / Detail
Transaction Structure	Seller seeking 20%–30% strategic equity partner participation
Installed Capacity	130 MWp
Expected Annual Generation	208,000 MWh (Yield Factor: 1,600 kWh/kWp)
Assumed Electricity Tariff	€66 / MWh
Estimated Annual Gross Revenue	~€16,000,000 EUR
Estimated Annual OPEX	~€1,530,000 EUR
Estimated Annual EBITDA	~€14,470,000 EUR (Revenue minus OPEX)
Implied EBITDA Margin	~90.4%
Average Annual Net Cash Flow	~€14,500,000 EUR
Total Project CAPEX	€100,000,000 EUR
Levelized Cost of Energy (LCOE)	€30 / MWh
Projected Equity IRR	19%
Equity Payback Period	5.5 Years
Net Present Value (NPV @ 12%)	€18,500,000 EUR