Battery storage rent

[MrNoo]

why warrington?

Dont know!! They plan to be Carbon Neutral blah blah blah, they already have two other sites, one up York way and another again up North. Think they're putting in £10m to this one down here, quite a high tech solar farm, ours is supposed to be a copy of the York one just smaller

GRIDSERVE completes game changing hybrid solar farm for Warrington Borough Council | warrington.gov.uk

www.warrington.gov.uk

 

[snarling bee]

Gridserve have bought the solar/battery site on my farm. Nothing to report.

 

[MrNoo]

Gridserve have bought the solar/battery site on my farm. Nothing to report.

Seems a common theme with them

 

[Doing it for the kids]

Gridserve have bought the solar/battery site on my farm. Nothing to report.

hope you got an uplift payment for the sale ;-)

 

[Repeat]

I have planning for a 10 mw battery storage site , got up to construction phase with the line to connect too reinforced , but it was stopped due to economics.

 

[woody 1]

hope you got an uplift payment for the sale ;-)

Can you explain how that works please

 

[Doing it for the kids]

Can you explain how that works please

down to how sharp your team where when they put the contract together.

we stuck in a cheeky up lift fee every time the lease is sold on. At the time the guys doing the contract didn’t care because the buyer pays that fee. They had a different agenda, their role was simply to get it signed and built. It then got shifted too another department‘ for the sale so became someone else’s problem!

at that scale though the fee was tiny To them, still a very nice little figure we invested in a pretty 400hp metallic object

 

[Derryn]

If the tenant had no money for insurance and has gone pop ?

You would need to require insurance to be paid in full in advance, a bit like on a project basis, for the entire term.

 

[Doing it for the kids]

You would need to require insurance to be paid in full in advance, a bit like on a project basis, for the entire term.

good luck with that!

in the first few years they have a bit if a deficit on their books!

i think some insure for the first few years whilst they build up a sinking fund, then phase the insurance out as the bond gets up to speed.

 

[steveR]

the tenant leaving / going bust shouldn’t be an issue with the right contract.

they either have to insure against a full ‘return site as it was before they moved in’ or have a sensible bond in an escrow which is there if it should be Needed.

this is when specialist lawyers are worth their weight in gold!

And Agent.

I know that this is a dirty word for some, but a specialist Agent is I found, well worth the fees...!

 

[Doing it for the kids]

And Agent.

I know that this is a dirty word for some, but a specialist Agent is I found, well worth the fees...!

yeah, I should have said ‘professionals’

when we went in to battle it was incredibly reassuring when the agent whipped out a few recent HOT’s he’d signed up recently as a comparable when the developers were sucking their teeth!

 

[steveR]

yeah, I should have said ‘professionals’

when we went in to battle it was incredibly reassuring when the agent whipped out a few recent HOT’s he’d signed up recently as a comparable when the developers were sucking their teeth!

Definitely. Had the same experience here too...

 

[dickie300]

And Agent.

I know that this is a dirty word for some, but a specialist Agent is I found, well worth the fees...!

Hi, can you tell me which agent you used?