Valtech’s valuation team has recently completed business valuation for a company based in Hu’nan Province, which is engaged in solar photovoltaic(“PV”) power generations with installed capacity of over 20MW. We are glad to be a trusted valuation firm for delivering valuation opinion to clients from clean energy industry.
Like typical valuation practice, various market benchmarks have been analysed before we arrive at the conclusion. We have ensured a timely and effective communication with the client and its auditors.
The solar PV industry in China has still experienced significant growth in recent years despite subsidies for the industry has been reduced. Based on the latest release from Nation Energy Administration of China, as of the end of 2022, the country’s cumulative installed capacity has reached 392.6 GW, representing a growth rate of 28% on year-over-year basis.
The Company was still in its early stage and undergoing fast development with plenty of project pipelines, and several of its solar plants has been connected to the Grid. We carefully studied the company’s financial information and conducted in-depth research on industry prospects to make better choice on appropriate valuation multiples to arrive at the valuation conclusion.
