Opens in a new tab

100MW Puerto Rico USA Solar Farm RTB Development Opportunity + BESS + 25Y GOV PPA @139USD/MW

100MW Puerto Rico USA Solar Farm RTB Development Opportunity + BESS + 25Y GOV PPA @139USD/MW
Listing ID
L#20251043
Target Price
$39,000,000
Revenue
$26,798,080
EBITDA
$20,000,000

Description

Puerto Rico is undergoing a crucial and mandated transition to a resilient, renewable energy grid, creating an unprecedented opportunity for investors in the utility-scale solar sector.

This opportunity centers on a 100MW Solar Farm Development Opportunity that is Ready to Build, backed by the critical security of a 25-Year Government Power Purchase Agreement (PPA) at an attractive price of $139 USD/MWh.

This project is not just a solar development; it is a foundational component of the island's energy independence and modernization goals, which mandate achieving 100% renewable energy by 2050. With a long-term, fixed-price PPA from a government-backed entity, this offering significantly mitigates market risk while promising stable, long-term revenue.

Investors are invited to participate in a project that is shovel-ready, positioned in a high-insolation region, and perfectly timed to capitalize on Puerto Rico's urgent need for clean, reliable power generation. This is a chance to secure a major asset in one of the most compelling clean energy markets in the Caribbean.

Executive Summary & Market Position

  1. 01
    LocationPuerto Rico, USA.
  2. 02
    ScaleUtility-scale project delivering 100 MWac of dependable power (125 MWdc peak power).
  3. 03
    Contract SecuritySecured by a long-term 25-year Power Purchase Agreement (PPA) (Counterparty: Puerto Rico Electric Power Authority - PREPA******).
  4. 04
    Revenue RateHighly attractive fixed rate of $139 USD per MWh. This ensures long-term, stable cash flow and revenue predictability.
  5. 05
    Tax Credits

******The Puerto Rico Electric Power Authority (“PREPA”) is a public corporation of the Government of Puerto Rico created pursuant to Act No. 83 of May 2, 1941, as amended. PREPA owns and operates electric generation, transmission and distribution facilities serving all of Puerto Rico. As the sole electric utility in Puerto Rico, PREPA provides electricity to approximately 1.5 million customers.

Power Generation Specifications (PV)

  1. 01
    TechnologyBifacial, Mono Crystalline, Half Cut technology modules.
  2. 02
    Module TypeHigh-efficiency 590W Hanwha Q CELLS (Q.PEAK DAU XL-G11S.3/BFG).
  3. 03
    DC/AC Ratio1.25, optimized for energy harvest in high-insolation environments.
  4. 04
    Inverter38 units of INGECON SUN 3Power U C645 Inverters (Ingeteam), ensuring high conversion efficiency (98.90%).
  5. 05
    FootprintRequires approximately 985,643 m² (~245 acres) of land.

Battery Energy Storage System (BESS) Integration

The project includes a robust BESS to provide critical grid stability services.

  1. 01
    Total Storage CapacityApproximately 32.4 MWh (using Narada battery racks).
  2. 02
    Frequency Regulation (FR)5.90 MWh dedicated to instantaneous grid stability services.
  3. 03
    Ramp Rate Control (RRC)26.5 MWh dedicated to smoothing solar output fluctuations (crucial for grid integration).
  4. 04
    PCSUses INGECON SUN STORAGE 3POWER U C615 Battery Inverters (Ingeteam) for highly efficient storage management.

Financial Forecast

Metric Calculation Basis Value
Project Capacity (AC) Provided Specification 100 MC
PPA Rate (Fixed) Provided Specification 139.00 USD
Estimated Capacity Factor (CF) Assumed for PR Solar 22
Assumed EBITDA Margin Typical for Contracted Renewables 85%
Yearly Production 100 MWac×8760 hrs×0.22 192,720 GWh
Estimated Yearly Revenue 192,720 MWh×$139.00/MWh 26,798,080 USD
Estimated Yearly EBITDA $26.80M Revenue×0.85 22,778,368 USD
Total Revenue (25 Years) $26,798,080/year×25 years 669,952,000 USD

PV Key Data

Basic Details

Listing ID
L#20251043
Country
Puerto Rico
Industry
Renewable energy
Deal Status
Available
Target Price
$39,000,000
Revenue
$26,798,080
EBITDA
$20,000,000
Revenue Multiple
1.46x
EBITDA Multiple
1.95x

M&A Middle Market Advisory Deal Tombstones 2024

AdvisorDeals
MergersCorp M&A International21
Keith Advisory17
GCG9
JP Morgan41
Jefferies23
Lazard26
Goldman Sachs30

Businesses for Sale

Similar Opportunities