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

[steveR]

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

Now there lies and intersting quandry for me ,and possibly some others.

When the PV site was built here, a de-commissioning Bond was agreed (increased at 5 year intervals) and the monies held by the Developers Solicitors in Cornwall. No interest being earner as far as i can understand

7 years later, Solicitors holding such funds is now illegal so and alternative has had to be found. The present Leaseholder does not now want to find a Bond and have suggested making over the sum to me to hold!! Lots of issues to resolve before I can agree to this idea...

How to deal with a large chunk of cash coming into the Ltd Co for starters... Getting the incremental increase etc etc... Investing it in a 10 year Govt Bond will be better than at present for sure

 

[Happy]

I take it these battery storage sites generally tie into a nearby wind farm or solar array?

Got a 33kv transmission line and also a 275kv soon to be upgraded to 400kv pylon line running through the farm.

No renewables located anywhere nearby though so does that make battery storage a non starter?

 

[steveR]

I take it these battery storage sites generally tie into a nearby wind farm or solar array?

Got a 33kv transmission line and also a 275kv soon to be upgraded to 400kv pylon line running through the farm.

No renewables located anywhere nearby though so does that make battery storage a non starter?

Makes not a jot of difference, the power to charge the batteries comes form the Grid. However, the biggest issues are the local infrastucture being adequate and as many will confirm, the National Grid is a ropey old bit of hardware, needing one hell of a lot of upgrading and improving.

 

[Doing it for the kids]

Makes not a jot of difference, the power to charge the batteries comes form the Grid. However, the biggest issues are the local infrastucture being adequate and as many will confirm, the National Grid is a ropey old bit of hardware, needing one hell of a lot of upgrading and improving.

Not strictly true.

Most battery sites bolt onto renewables. The value of electric changes during the day so the best model charges up the battery using the cheapest power from the renewable then releases that stored energy at the most expensive time so double whammy.

The 400 kva lines are eye watering to connect into. If you have suitable land then ask an agent or apply for some sort of grid yourself but it’s not overly cheap. Better to ask a trusted developer

 

[saltyduck]

What are the connection requirements for battery storage? Do you need a line nearby?

 

[nonemouse]

What are the connection requirements for battery storage? Do you need a line nearby?

Not as simple as that, needs line nearby and the DNO has to say their is capacity on the line to connect to it

 

[fermerboy]

We are next to the one of the largest substations in europe, lot of battery storage in the pipeline round here among other projects too, but capacity is running out, anything new is being quoted a 10yr connection date, at least 2032 is what is being said be SSE, after they build the next substation which isn't even in planning yet, and they are talking absolutely mad money to secure a connection.

Lot of battery and solar developers sniffing about and wanting to sign up anybody that is willing, often with small option fees as they don't want to lie out cash for 10yrs.
Rents being offered are very attractive >£2k/MW for storage, sometimes tiered depending on connection cost, but with 10yrs being the timescale you could be miles out, plenty of guys thinking they did well at £1k/mw a couple of years ago now looking not so hot against newer deals.
I think that on a long time frame like that a % basis of turnover/income would be a better bet to ensure you don't end up getting short changed if there is a massive price change, where to pitch it at is the tricky thing.

All of it very attractive against farming though.

 

[MrNoo]

No different to selling wheat, feel happy with the deal on the day and I would guess all would be index linked. Solar was 2k/ac at one point, we signed at 900 and recent offers for another one are a minimum of 1100, agent reckons if the news back from the DNO is good that we could get a fair bit more, anything up to 1500/ac

 

[pappuller]

We are next to the one of the largest substations in europe, lot of battery storage in the pipeline round here among other projects too, but capacity is running out, anything new is being quoted a 10yr connection date, at least 2032 is what is being said be SSE, after they build the next substation which isn't even in planning yet, and they are talking absolutely mad money to secure a connection.

Lot of battery and solar developers sniffing about and wanting to sign up anybody that is willing, often with small option fees as they don't want to lie out cash for 10yrs.
Rents being offered are very attractive >£2k/MW for storage, sometimes tiered depending on connection cost, but with 10yrs being the timescale you could be miles out, plenty of guys thinking they did well at £1k/mw a couple of years ago now looking not so hot against newer deals.
I think that on a long time frame like that a % basis of turnover/income would be a better bet to ensure you don't end up getting short changed if there is a massive price change, where to pitch it at is the tricky thing.

All of it very attractive against farming though.

10 yrs from now i might be boxed up, hence why we struck a deal 2yrs ago @£1200k/mw storage which commisions later this year

 

[Grass And Grain]

10 yrs from now i might be boxed up, hence why we struck a deal 2yrs ago @£1200k/mw storage which commisions later this year

Wondering how many MWh per acre? Ignore if you'd rather not say.

 

[pappuller]

Wondering how many MWh per acre? Ignore if you'd rather not say.

5 acres 48mw battery storage

 

[barnfield]

5 acres 48mw battery storage

First up many congrats! So many of these seem to be falling down lately, or delayed for 10+ years!

Do you know how many MWh that is? I think quite often they have 2-3x the MWh of storage as the MW grid connection (so they can import/export over more than one hour if prices advantageous).

 

[Grass And Grain]

5 acres 48mw battery storage

Thanks.

As previous comment, well done.

 

[pappuller]

First up many congrats! So many of these seem to be falling down lately, or delayed for 10+ years!

Do you know how many MWh that is? I think quite often they have 2-3x the MWh of storage as the MW grid connection (so they can import/export over more than one hour if prices advantageous).

Would i be correct with 2x24 ?
And of course it ain't over till the fat lady sings.
Pp obtained, option exercised and option fee paid, construction phase to begin April/may fingers crossed but the energy market is a funny old beast so we will wait and see.

 

[barnfield]

Wow you're doing very well several bridges crossed. I'm working on one ATM -pushed back 10 years tho!! But one thing that came up is they can put like 100 or even 150MWh of batteries on site for a 50MW connection.

Might be worth checking contract as could be worth a bit more money. Any extra batteries are less valuable than the first 50MWh, because of the 50mw export throttle, but you should still get paid depending on agreement.

 

[pappuller]

Wow you're doing very well several bridges crossed. I'm working on one ATM -pushed back 10 years tho!! But one thing that came up is they can put like 100 or even 150MWh of batteries on site for a 50MW connection.

Might be worth checking contract as could be worth a bit more money. Any extra batteries are less valuable than the first 50MWh, because of the 50mw export throttle, but you should still get paid depending on agreement.

We have it in the lease that any increase in capacity increases the rent, dno connection deposit was paid dec 21 and confirmed within the statutory 12 month window.if we were to apply now early 2030s was the given timescale

 

[Fr3d]

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

Hi,
Can I ask how this is going? Is there anything that you wish you did differently? How many MW have they installed?
I am looking at doing something similar.
Thanks

 

[ollie989898]

What infrastructure is put into the site and how difficult would it be to remove it all if the company you were in the deal with went pop?

 

[Exfarmer]

What infrastructure is put into the site and how difficult would it be to remove it all if the company you were in the deal with went pop?

Exactly a battery farm going bust after a fire could leave you with a clean up bill in the millionss!

 

[L P]

75k now seems a lot of money, in 25 years it'll seem like a trivial figure... if you need to borrow 75k and can't get it elsewhere... do it, if you dont then why?