Alcara Partners

Solar energy businesses in Alicante: buying, selling and valuation

There is no official statistic that counts the solar energy companies in the province of Alicante. Installers of photovoltaic panels and self-consumption systems are classified, according to their main activity, under electrical installation or plumbing and HVAC, together with many other installers. And companies that generate electricity, including solar plants, are listed alongside all other electricity producers and distributors.

That is why you will not see a number of Alicante solar companies on this page: any such figure would not come from public statistics. What this page can offer you is a guide to what determines the value of a solar company, whether it installs or operates plants, and to the questions a buyer will ask you.

Solar energy · Alicante in figures

Active companies in the province (all activities)

145,106

What affects the value of solar energy businesses in Alicante

The first step is to be clear about what the business is. A self-consumption installer for homes and businesses lives from winning new projects and carrying them out well; a company that owns operating plants lives from the energy it sells over many years. The buyers, the information they ask for and the way of valuing differ, so it is worth presenting them separately if the company does both.

In an installation company, the buyer will look at the portfolio of signed and pending projects, how customers are won and what each one costs, the proportion of private customers versus businesses, margins per installation and whether there are maintenance contracts providing recurring income. Turnover that depends on one-off campaigns or temporary subsidies is valued more cautiously than stable turnover.

Warranties are also reviewed: who is responsible for the panels, inverters and batteries already installed, what the manufacturers cover and what the company takes on. Staff qualifications, agreements with equipment distributors and a technical team that does not depend on the founder complete the analysis.

For operating plants, what matters is actual output compared with estimated output, the energy sales contracts, the permits and grid connection, the condition of the equipment and the rights over the land. It is a detailed technical and legal analysis; the buyer usually orders an independent review before completion.

Indicative valuation multiples

MethodRangeMedian
SDE (small businesses)2× – 3.5×2.8×
EBITDA (medium-sized businesses)3.5× – 6×4.5×
Indicative estimate based on Alcara Partners' valuation model.

Frequently asked questions

There is no official figure. The INE (Spanish National Statistics Institute) does not publish a specific category for solar installers: they are classified together with electricians and other installers, and solar producers together with the other electricity companies. Any specific number of Alicante solar companies does not come from the official statistics.

They are not directly comparable. An installer is valued on its ability to generate projects and margin on a sustained basis; a company with plants, on the income they will produce over their useful life and the associated risks. Each case requires its own analysis.

If a significant share of sales has relied on subsidies that no longer exist or that may change, the buyer will adjust their forecasts. What they value is the demand that holds up without them.

Accounts for several financial years, a list of installations carried out and their type, ongoing and signed projects, maintenance contracts, warranties given and received, staff qualifications, the workforce and agreements with equipment suppliers.

Larger installers that want to grow in an area, electrical or HVAC companies looking to add self-consumption to their offering and, in the case of operating plants, investors interested in long-term income.

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Sources

Latest official data available on the date given for each source.

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