ASB Transition Lab
Route to market for 1–5 MW projects
For developers, IPPs and EPCs whose projects sit in no man's land: too small for an investment-grade offtaker, too advanced to wait.
The context
No man's land
1–5 MW projects do not generate the volume needed to attract an investment-grade offtaker, nor to access marketplaces and brokers focused on bankable hedges.
Banks avoid merchant risk
Few banks model hybridised projects and most set a minimum debt ticket of EUR 5m and above. Below that threshold, financing simply does not show up.
RTB with no room to wait
Ready-to-build projects with fixed execution schedules, where merchant exposure is not an option with capture prices below EUR 20/MWh.
Three workstreams
Structuring the route to market
Aggregation, PPA, offtaker profile.
Building the path to place the energy without depending on a single investment-grade offtaker or being left at the mercy of the pool.
Revenue diversification and flexibility
BESS, hybridisation, balancing services and capacity markets.
Combining revenue streams to reduce merchant exposure and capture the value unlocked by RD 7/2026 and capacity markets.
Financial structuring and co-investment
Refinancing, equity, co-investors.
Designing the capital structure when the ticket sits below the bankable threshold, and opening access to qualified co-investors.
- 1:1 support
- Maximising optionality under uncertainty
- Decisions that cannot wait for regulation
Clients
Brands that trust ASB
Developers, IPPs, EPCs, industrials and investors working with us on advisory and the ASB Transition Lab.
Solar project developer in Spain
Spanish group developing and operating renewable plants
Solar PV engineering and EPC
Industrial group with self-consumption and efficiency projects
Renewable energy supplier and developer based in Madrid
Research platform for institutional investors- DialecticaGlobal expert network for funds and corporates
Financial and real estate investment to complement income
Solar and storage development in the United Kingdom
AI platform for energy developers: origination, permitting, market intelligence and regulation
Local energy, agrivoltaics and storage in Aragón, Spain
Leading energy sector media across Europe and Latin America
Testimonials
What our clients say
Real conversations about projects, markets and investment decisions.
ASB Transition Lab #1: Proton Future
Proton Future · Route to Market 1–5 MW
ASB Transition Lab #2: Rios Renovables
Rios Renovables · Route to Market 1–5 MW
ASB Transition Lab #3: Ubora Solar
Ubora Solar · Route to Market 1–5 MW
Next step: a 30-minute 1:1 session
We review your project, the status of its route to market and the real options on the table before the schedule decides for you.