Battery Storage worth it? £75,000 rent, 4 acres

[steveR]

But if the company has disappeared in a puff of smoke?

Bond should cover it... My Agent has been pursuing this one hard. Bond funding from Day One too.

Plans I saw for container bank, were essentially small plinths to support the containers.

I don't think many are looking at the all in one shed now, which seemed to be the proposal 3-4 years ago at the Telford Renewable show.

 

[serf]

But if the company has disappeared in a puff of smoke?

Brownfield site and a rook of five bedders on it

 

[Banana Bar]

I've been offered £75,000 by a firm who want to lease 4 acres of my land to build a battery storage farm.

Does anyone have experience in what the rents are in the battery storage market? £75,000 for 4 acres is a lot of money!

Does anyone have a battery storage farm and what is it like?

I reckon I could answer that question myself quicker than I typed this.

 

[macfab]

Thanks for the replys. I have signed a deal with the developer. The rent makes a lot more money than farming

Hi, how did you get on with the project. Would you be able to give any advice?

 

[Picket Fence]

Did the project come to fruition? If it hasn't been developed yet I would like to look at the option

What is the earning capacity of 1mw of storage?

Have been approached with a wide range of rental values for a battery storage facility,and not sure which option to go for.The highest value proposal may have more risk attached and sometimes a ’bird in the hand’ is the best option,however I have been unable to find out how much earning capacity each megawatt of capacity has at present with current electricity prices and how much room for negotiation there is?

 

[steveR]

What is the earning capacity of 1mw of storage?

Have been approached with a wide range of rental values for a battery storage facility,and not sure which option to go for.The highest value proposal may have more risk attached and sometimes a ’bird in the hand’ is the best option,however I have been unable to find out how much earning capacity each megawatt of capacity has at present with current electricity prices and how much room for negotiation there is?

That is why you retain a good Agent who specialises in this area....

a few grand well spent now, will reward you many times over.

Rental will depend a lot on the cost of the connection to the Grid.

 

[steveR]

DNO shafting many with unexpected delays of 24+ months.

If anyone gets anything done on time atm they are doing v well

Had some disappointing news last week as the DNO has effectively withdrawn the capacity that was previously available on the HV line "my" project was going into. WPD seem to be looking for the Developers to cover all the costs in upgrades now, which for me, has made it uneconomic at this time. Looking at a 10 year lead time and a massive battery farm which would not work on the site... 250MW+ !!!

Inside info "from a friend", is that WPD who have been bought out, have effectively stopped all pro-active work on improvements and upgrades to infrastructure!! Reactive and emergency work only.

I do wonder if they are waiting on Govt funding instead for needed upgrades??

 

[Doing it for the kids]

I’m not surprised ref infrastructure upgrading. Ticking time bomb.

This is happening a lot from what Ive told, once they take your money suddenly it’s not possible

 

[Hampton]

Had some disappointing news last week as the DNO has effectively withdrawn the capacity that was previously available on the HV line "my" project was going into. WPD seem to be looking for the Developers to cover all the costs in upgrades now, which for me, has made it uneconomic at this time. Looking at a 10 year lead time and a massive battery farm which would not work on the site... 250MW+ !!!

Inside info "from a friend", is that WPD who have been bought out, have effectively stopped all pro-active work on improvements and upgrades to infrastructure!! Reactive and emergency work only.

I do wonder if they are waiting on Govt funding instead for needed upgrades??

It’s a sh!t show at the moment. So much for green energy revolution

 

[steveR]

It’s a sh!t show at the moment. So much for green energy revolution

Yep. Bojo must be furious....oh, wait a minute!!

But it is a farcial state of affairs with DNO's putting their heads in the air, going la la la....

I’m not surprised ref infrastructure upgrading. Ticking time bomb.

This is happening a lot from what Ive told, once they take your money suddenly it’s not possible

I think the crowd I was linked up with were playing canny on putting too much up front, as this seems commonplace ATM..

WPD were pretty damned good until recently and were spending a lot on infrastructure. Largely due to a top flight CEO who had engineers blood in his veins, as opposed to pure bean counter!

 

[barnfield]

Looking at a 10 year lead time and a massive battery farm which would not work on the site... 250MW+ !!!

Sorry about the bad news fella, I'm waiting on hearing soon myself. Only need 10acres for that? Would be a huge rental figure, are you sure you can't connect elsewhere? 10 years be round in no time.

 

[steveR]

Sorry about the bad news fella, I'm waiting on hearing soon myself. Only need 10acres for that? Would be a huge rental figure, are you sure you can't connect elsewhere? 10 years be round in no time.

Yeah, 10acres as you say. However, I am pretty sure the Planners will jib at a larger site on the particular location.... 2-3 acre site can be snuck in.

I am getting to the age when 10 years seem a long time... However, I do have a related project in mind too, so we'll see how that pans out first.

 

[barnfield]

Anyone still persevering with this, and making any progress?

 

[Gary - Power and Gas]

We have 2 sites which are progressing, it's just a long turnaround time depending on the DNO.

 

[pappuller]

Anyone still persevering with this, and making any progress?

Planning app due to be decided in early nov after being lodged in May, still expecting further delay from the lpa

 

[steveR]

Anyone still persevering with this, and making any progress?

Abandoned the Battery project here after DNO changed the goalposts big time following the National Grid takeover of WPD.

 

[barnfield]

Planning app due to be decided in early nov after being lodged in May, still expecting further delay from the lpa

You're going well!! Do the DNO have to do significant upgrades before you can get a connection or is this one of the last hurdles, good luck!

 

[pappuller]

You're going well!! Do the DNO have to do significant upgrades before you can get a connection or is this one of the last hurdles, good luck!

Its been ongoing for 2 yrs, some upgrading required hoping for going live in q1 or 2 2024 with a fair wind, obviously pp is the 1st hurdle

 

[snarling bee]

I've been offered £75,000 by a firm who want to lease 4 acres of my land to build a battery storage farm.

Does anyone have experience in what the rents are in the battery storage market? £75,000 for 4 acres is a lot of money!

Does anyone have a battery storage farm and what is it like?

We have a 40MW site on our 'farm'. Fits in nicely, Rent is index linked. Developers were Di**h**ds, but current owners very amenable. What's not to like.
The only issue for me is if I have a waste disposal problem at some point, but I'm prepared to take the risk.

 

[pappuller]

We have a 40MW site on our 'farm'. Fits in nicely, Rent is index linked. Developers were Di**h**ds, but current owners very amenable. What's not to like.
The only issue for me is if I have a waste disposal problem at some point, but I'm prepared to take the risk.

Did you not have a reinstatement bond set up to cover potential costs ?