- Location
- Shropshire
It’s £1200 per mw not per acSo where’s the difference between £1200 and £2k per acre you quote and the £18.75k the OP claims to have been offered?
Just seems too good to be true to me.
It’s £1200 per mw not per acSo where’s the difference between £1200 and £2k per acre you quote and the £18.75k the OP claims to have been offered?
Just seems too good to be true to me.
The offer was £75k a year for 25 years for 4 acresThe OP said it was 75k for 25 years, not 75k a year
It is 100% £75k per year. The developer offered me £55,000 to start with and I negotiated more. What were you offered?I would think it’s £75000 in total for 30 years. If it’s per year than the offer I’ve been made is far too low.
No LOA signed yet. The developers said that the DNO needs to calculate the connection cost first which costs several thousands of pounds (the developer is paying this thankfully)have they asked you to sign the LoA to apply to the DNO, or do they have a connection already?
What is the benefit of a synchronous condenser and what sort of money do they yield per acre? The developer has not offered one of these ill see if they want to add itVery location dependant and some marginal economics in these developments but circa £1200 plus is pretty common with some rents up towards that 2k.
if there’s a synchronous condenser going in seperately then there are some quite significant rents per acre being thrown about for them so make sure you are pushing that in the deal.
Happy to recommend some agents that I have worked with if you want to pm.
Don’t count your chickens before they hatch, we had a developer, last year with a scheme for solar plus battery. Which the developer said there was plenty of local grid capacity for, when it went to DNO all local spare capacity was gone. Think a few schemes in the pipeline locally and they have had deposits done on connection for some timeNo LOA signed yet. The developers said that the DNO needs to calculate the connection cost first which costs several thousands of pounds (the developer is paying this thankfully)
You know WPD too, then ....There is a huge difference between initial negotiations and getting a deal. The cost of the connection from the DNO can often be many million for anything large.
Locally the connection went something like 20 miles of upgrades and new cables.
The DNO will not quote until they see the figures then it will depend on how they feel that day
No it seems a standard feature across the DNOsYou know WPD too, then ....
Unusual, teh LoA is normally the first thing the Developer wants signed...No LOA signed yet. The developers said that the DNO needs to calculate the connection cost first which costs several thousands of pounds (the developer is paying this thankfully)
My sympathies...No it seems a standard feature across the DNOs
you wait till you try and get metering going
I was on board with a venbture back in 2017/18 which subsequently fizzled, for a 80MW site, and they wanted to come onto the land and make a connection to the 132 cables. All agreed etc, and in the course of conversations, teh cost for a fairly simple connection then was circa £1.5m. This did not include the infrastructure below the pylons either!There is a huge difference between initial negotiations and getting a deal. The cost of the connection from the DNO can often be many million for anything large.
Locally the connection went something like 20 miles of upgrades and new cables.
The DNO will not quote until they see the figures then it will depend on how they feel that day
Its not a LOA (letter of Authority) you need to sign. They will want and you want an Option Agreement to enter into a formal lease should planning permission be granted. You have nothing until that is signed. Take legal advice the developer should pay for itNo LOA signed yet. The developers said that the DNO needs to calculate the connection cost first which costs several thousands of pounds (the developer is paying this thankfully)
£1.5k/MW-h of storage. That's a chunk of storage capacity which could be turned over every day or so. Buy at 5p/kW-h and sell at 15p and you're making £100/day (£36,500/year) - and the big guys will be doing much better than that.
As they found in the Challenger disaster as I recall. Mixing metric and imperial...First rule of engineering - get the units right.
Why shouldn't i give them exclusivity? Looking at the research ive done the offer is competitive.Unusual, teh LoA is normally the first thing the Developer wants signed...
Just don't give them exclusive rights.
Your call....Why shouldn't i give them exclusivity? Looking at the research ive done the offer is competitive.