We've already seen it in the groundmount market; as new deployment hits a slowdown (for reasons that have been well-documented and discussed), the focus shifts to a very active secondary market, where investors and asset managers are attracted to proven installations with a regulated return via index-linked subsidy backing.
Activity has been picking up in the rooftop sector, with investors moving in on large portfolios of rooftop assets, as the original funders (some of which were EIS funds) look to exit or recycle their capital exposure.
This is encouraging. Conventional wisdom would have it that buying large-scale groundmount assets reduced the due diligence and transaction costs; but with increased scale of rooftop portfolios and consolidation of O&M providers, the routes for getting clear performance data to assess such a purchase are increasingly simple.
Foot Anstey's Energy Team have portfolios looking for funding, and investors looking for opportunities. Do get in touch.
It is a fair assumption that new rooftop solar will certainly be of continued interest over the next few years, especially if there are investors or companies out there willing to explore innovative ways to finance portfolios that benefit both buy-side and homeowners. Meanwhile the demand for secondary market domestic roof top assets will continue as existing owners realise the demand from both institutional and private investors. For technical and other advisors operating in this space activity remains buoyant as portfolios are prepared for sale and the parties subsequently supported through the process.