
Publication number: ELQ-89809-1
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Agrivoltaic Ultimate Model — Build a Bankable Business Case for Elevated Agrivoltaic Projects in Minutes, Not Weeks
Production-ready Excel model for elevated agrivoltaic projects. 8 countries, 3 scenarios, three agricultural revenue modes, optional BESS
Further information
This model enables developers, advisors and investors to evaluate the financial viability of an elevated agrivoltaic project across 8 international markets without building a model from scratch. It supports three agricultural revenue configurations — Zero, Land Lease and Direct Revenue — allowing the user to model any ownership and operational arrangement between developer and farmer. It calculates generation using three producibility modes including a GCR-based shading engine calibrated on Fraunhofer ISE and EU AgriPV research, produces Project IRR, Equity IRR, NPV and payback from a fully integrated 20-year cash flow with a complete debt schedule including DSCR and LLCR, and allows scenario comparison across Conservative, Base and Aggressive assumptions with a single selector. It also assesses the incremental value of adding co-located BESS storage and produces an ESG metric for the agricultural value transferred to the farming community in the Zero revenue model.
This model is best suited to utility-scale elevated agrivoltaic projects in the 10–200 MWp range at early-stage feasibility or commercial evaluation, where the elevated structure configuration is known or being screened. It is calibrated for Italy, Spain, UK, Germany, USA, France, Australia and Nordic markets, and works particularly well when a P50 yield study is available to feed directly into the producibility engine. It is also well suited to projects where the agricultural revenue treatment — land lease versus direct crop revenue — is a structuring decision that needs to be tested financially before committing to a model.
This model is designed specifically for elevated agrivoltaic structures and does not reflect the economics of ground-mounted standard solar or floating PV. It is not suited to non-elevated agrivoltaic configurations where shading is negligible and the agricultural activity is unaffected by the PV installation. It should not be used as the sole basis for a final investment decision — it must be supplemented with site-specific irradiation data, agronomic assessment, grid connection costs and permitting review. It is not appropriate for markets outside the 8 pre-loaded countries without manual recalibration of the assumption sets, and BESS configurations that charge from the grid rather than from the co-located plant are not modelled.
