FEATURE SPONSOR
LEGAL EAGLES
LEASING LAND FOR
BATTERY STORAGE Advances in the storage of renewables- generated energy (and conventional energy) could provide valuable future income for farmers in the Humber region who are looking to continue to diversify, according to one legal expert
In recent years, land-owners have seen a down turn in windfarms and solar parks with well-reported changes to Government subsidies leading to a dip in the market. James Lloyd, a Partner specialising in agricultural property at Wilkin Chapman solicitors, has also seen a down turn in activity in the construction of turbines for farmers’ own use – again changes in tariffs mean they are becoming less attractive, with the real interest now being those who operate energy-intensive businesses, for example poultry.
POTENTIAL FOR LEASING However, the subject of battery storage of electricity is now on the radar of many landowners, adds James. Potential for leasing land for battery storage has been taking the place of the previous interest in renewable projects themselves.
A FIRST FOR GREEN ENERGY On June 7th, the UK saw a first for green
James Lloyd
“It is certainly something that could be a great option for landowners in the future if areas of land are leased for battery storage,” said James, “alongside those businesses who are producing electricity for themselves storing it for future use or where it supports new renewable projects in taking advantage of price fluctuations”.
energy as the National Grid reported how power from wind, solar, hydro and wood pellet burning supplied more electricity than coal and gas for the first time ever. Sun and wind combined to make the perfect storm for green supply. However the uncertainty of weather gives rise to volatility and one way to ride out that volatility is to store.
“People have been talking about this for some time now, but the actual deals are still slow at coming through, which I assume reflects issues in the technology and market”
With probable decreases in farming support in the medium term it is important for the rural economy of Britain to look at further diversification and benefits from the green energy sector could still be a crucial part of this.
Headquartered in Grimsby, Wilkin Chapman LLP is the 104th largest law firm in the UK providing trusted legal advice to local, national and international clients for over 100 years.
James Lloyd Partner, Wilkin Chapman LLP Solicitors
www.windenergynetwork.co.uk 65
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