If you’re thinking about hosting a renewable energy project on your land, please get in touch and speak to a member of our development team today!
A renewable development requires little to no management and is an excellent way of diversifying your land. This achieved through a long term lease agreement accompanied by a index-linked annual income stream over a 40 year period.
Unlike a lot of energy developers, Gridsource develops multiple technologies such as utility-scale solar, wind & energy storage. This means that we approach a development with an open mind to ensure we make the biggest positive impact we can for the landowner & wider community.
In the case of Solar, it’s often possible to graze small livestock such as sheep within the solar farm boundary.
» All costs covered
All development and construction costs are covered by us plus reasonable third-party costs such as legal and agent fees.
» Up-front payments
When we sign and enter the option agreement (development phase), Gridsource will pay an option fee.
» Annual Rent
We offer competitive rental terms within our lease agreements (construction & operational phase) which provide a long-term, inflation-linked income with regular payments.
» Grid connection
Certainly the single biggest challenge for any renewable development and crucial in establishing the viability of a project. If your land is in close proximity to an electrical substation or beneath existing distribution lines then we would like to hear from you.
One of the first steps our development team undertake is a grid feasibility assessment to establish proximity of surrounding electrical infrastructure and likely capacity availability when looking for suitable land.
For solar sites, we require 100-250 acres for a development, largely flat, well screened, land grade 3b or below and outside designations such as AONB & National Parks. Gridsource are happy to consider smaller landholdings with multiple landowners in the same area to make a project viable.
For energy storage sites, we require 0.1-5 acres and would consider brownfield land.
Frequently asked questions
» How much could I earn?
The simplest answer to this is that every site is different and dependant on a number of key variables:-
- Location – for solar, the further north, the lower the radiance which has an impact on land value
- Grid connection cost – the cost varies of every project accompanied by time to connect
- Land gradient & shading – this impacts annual energy produced
Based upon the project specifics we seek to create an agreement that works for all parties.
» How long is the lease for?
For solar, we require a minimum of 40 years with the ability to extend and for energy storage, we require a minimum of 30 years with the ability to extend. In both cases this is to generate a sufficient financial return and justify the projects viability.
» What are the risks?
To the landowner, minimal as Gridsource cover all development costs. The project is set up as it’s own company holding the option & lease agreements. At the end of the lease term the project will be decommissioned and the land returned to the condition it was before.
» Why Gridsource?
There are a lot of developers that just focus on one form of technology, one shape, one size. Gridsource have always developed projects across multiple technologies of varying shapes and sizes which has meant that we approach any project with an open mind. As we also project manage the construction activity and asset manage them once operational, we understand them better as we’re involved in the full life cycle. This no doubt has contributed to our success and allowed us to put that operational thinking into the early stage development phase, no matter how big or small the project is.