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Farm Business
Agricultural Matters
COVERING GOOD FOOD GROWING LAND WITH SOLAR PANELS?
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<blockquote data-quote="snarling bee" data-source="post: 7478283" data-attributes="member: 681"><p>A 25acre park would be 5MW (nowadays probably 6.25MW) which would produce less than 5,000 MWhr pa. at say £40MWhr that is £200,000 pa which per acre is £8000 pa. If you've borrowed £120,000 per acre to build it then it doesn't look that clever, after annual costs, which are significant.</p><p>We looked at building a 5MW park, but if interest rates went up to nearer 10% it didn't look very attractive, and if over 10% you would probably loose everything. (assuming you borrowed 100%).</p><p>Early parks like ours were for 25years, not the 40years that they are on about now, and we are already 5 years into that.</p></blockquote><p></p>
[QUOTE="snarling bee, post: 7478283, member: 681"] A 25acre park would be 5MW (nowadays probably 6.25MW) which would produce less than 5,000 MWhr pa. at say £40MWhr that is £200,000 pa which per acre is £8000 pa. If you've borrowed £120,000 per acre to build it then it doesn't look that clever, after annual costs, which are significant. We looked at building a 5MW park, but if interest rates went up to nearer 10% it didn't look very attractive, and if over 10% you would probably loose everything. (assuming you borrowed 100%). Early parks like ours were for 25years, not the 40years that they are on about now, and we are already 5 years into that. [/QUOTE]
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COVERING GOOD FOOD GROWING LAND WITH SOLAR PANELS?
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