Conductor Solar Releases New Data Report on Mid Market M&A

Conductor Solar, a deal platform for commercial and community solar projects, announced a new report analyzing data and drawing insights from M&A activity in 2024. This first-of-its-kind snapshot sheds new light on an overlooked part of the market.

This report is made possible by a rich data set of detailed project information from sellers and standardized bids from buyers. Sellers created 887 projects on the platform in 2024, totaling over 1 GWdc of proposed system capacity. And qualified projects were cross-referenced with over 75 potential buyers and received bids from 39 discrete buyers.

Key findings include:

• Broader geographic distribution in commercial and industrial projects

• A base of sellers dominated by developers and contractors

• Asymmetric deal volumes by number of deals and deal value, and

• A median bid spread of 17% from an average of 3.3 buyers per opportunity

“We’re excited to give this snapshot to the industry. I tell people all the time that we have a unique vantage point seeing hundreds of deals every year. I finally get to show it! And it’s important to me because this segment of the market is often overlooked and misunderstood.” - Marc Palmer, CEO

Solar energy’s middle market includes everything in between the residential and utility segments. Like an overlooked middle child, it never receives the same attention as those segments on either side. It is even sometimes called “non-residential”.

“The messy middle is fascinating and challenging. We’re working to make it easier for buyers and sellers, and this report gives everyone a new baseline. I think a lot of people will be surprised by the price dispersion, we certainly were. This part of the market is far from standardized, and buyers take different views on key pricing variables.” - Aaron James, COO

Download the free report here: https://conductor.solar/2024data

Conductor Solar | https://conductor.solar