Since the feed-in-tariff came into place in April there have been a large number of firms wanting to sign up land house owners to option agreements to construct photo voltaic farms on their land. Now this can be an excellent means for a farmer/land proprietor to maximise the revenue they generate and likewise to diversify their earnings. Typically the choice shall be a rental agreement lasting for 25 years the place a hard and fast price is paid or a share of the FIT is offered. The yield will nearly all the time be multiples of what may very well be made by farming the land sounds great so where is the catch?The catch is that the location must be constructed and producing energy by March 2012 to be viable, so with planning timescales this means you've just one chance with one company to generate this revenue. Some of the corporations out there signing land homeowners up don't have any intention of constructing the sites as an alternative they need to get the option agreement signed and sell it on to a company with the infrastructure in place at a revenue. This means if they do not manage to promote the choice on the positioning is not going to be built and the land owner will miss out on this once in a lifetime alternative to benefit from the feed in tariff.
So what should you look for?
Proof of funding is an important factor. If an organization contacts you and the can not show they've funding in place don't take care of them. No matter they give you is irrelevant as they do not have the means to construct the location. I'd additionally ask whether or not the company providing the finance (typically investment bank and so forth) has invested in green energy earlier than and if they have another photo voltaic initiatives up and operating. This reduces the chance of funding being pulled at a later stage.
Subsequent most important is which company is building the site and what experience do they have in large scale photo voltaic farms? Ensure the company has experience in building photo voltaic farms and preferably as some operating effectively in other solar markets comparable to Spain or Germany.
Guarantee the company has experience in dealing with planning issues on renewable vitality. That is important with the tight time scale of the FIT. Once again you will have just one shot at getting the positioning built on the land and also you need someone with experience to make sure the method runs smoothly.
Finally have a look at what the companies are offering you financially, dependant on the place you might be in the nation and grid connection prices a tough guideline is between A�500-A�a thousand per year per acre. If the company presents a lot less than this you're being short changed. If the corporate presents far more than this alarm bells ought to be ringing as the challenge is unlikely to be viable and due to this fact you could miss out in your probability to utilise the FIT.
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