Constructing utility-scale high-tech Venlo greenhouses requires multi-million dollar capital deployments ($180–$320/\text{m}^2$). This article articulates the mathematical framework for 10-year Discounted Cash Flow (DCF), Net Present Value (NPV), and Internal Rate of Return (IRR) bankability modeling.
1. The Net Present Value (NPV) Valuation
NPV = -CapEx_0 + \sum_{t=1}^{N} \frac{EBITDA_t}{(1 + r)^t}