16th October 2017
Powering up: 150 MW of battery storage schemes to go live
Alder King, acting on behalf of battery storage developer Green Hedge, has over the past 12 months signed options to develop multiple battery storage facilities in various locations across the UK. When live the schemes will provide a total capacity of over 150MW, the equivalent of 750 acres of solar panels.
One of the first schemes will be constructed on a 0.25 acre site of previously unused industrial land in Skelmersdale, West Lancashire. The 10MW scheme, situated on commercial development land, will return a commencing rent to the landlord of £40,000 which will be reviewed annually for the remaining 25 years of the lease.
Alder King’s energy team has also agreed terms to site a 40MW scheme on circa two acres of agricultural land near Drax, Yorkshire. The commencing rent will be £80,000 per annum, subject to the scheme receiving planning permission in December 2017.
Alder King’s planning team has also continued its activities at the leading edge of this new technology. The team has secured planning permission for six battery schemes, with other applications pending. These were amongst the first battery storage schemes to receive planning consent in the UK.
Simon Smith, Alder King’s lead energy partner, commented: “We are delighted to convert our early support for this exciting emerging technology into reality.
“Landowners have understandably been very keen to secure rents which compare very favourably to traditional commercial or agricultural rental values. It is no surprise that as the concept of battery storage moves to a demonstrable reality we are receiving increasing levels of enquiry from landowners keen to take advantage of rental values which vastly outstrip more established uses and will continue to do so for the 25 year lease term.
“Following this early success, we are now renewing efforts to find new commercial and agricultural sites and are keen to hear from landlords who believe they may have suitable plots of land.”
Alder King is seeking sites of between 0.25 acres to 2.5 acres of either commercial or agricultural land capable of housing battery storage facilities.
More information about battery storage opportunities for commercial and agricultural landlords is available at http://www.alderking.com/sectors/energy