A dramatic fall in the price of solar technology has reignited demand from developers looking for sites to build solar farms, according to Fisher German.
Sites of 25-50 acres were being sought, with typical rents for a 25-year lease of around £1,000/acre per year, the firm’s Harry Edwards said.
“Solar PV parks were extremely lucrative around 12 months ago as the high Feed-in-Tariff payments provided healthy profits for parks with maximum outputs of 5MW. When the government reduced the FiT payments many projects were shelved.
“However, due to a combination of falling technology prices and Renewable Obligation Certificates payments, solar parks have become attractive again. ROC payments are available on much larger projects than FIT projects.”
He outlined a range of criteria that developers looked for when deciding if a site was suitable and urged anyone approached by developers to seek professional advice from the outset.
- Typically 25-50 acres, no upper size limit
- Flat ground or gently sloping south
- Not overlooked from public or neighbouring houses
- Easy access for construction and maintenance
- No obstacles which would cast shadow
- Not liable to flooding
- Proximity to 33kV overhead power line, ideally within a few kilometres of a 33kV-11kV substation
- Ideally sited in the south of the country, and on low grade land outside protected areas