Energy storage building property leasing

Should you lease land for energy storage?

These can charge from the grid when there’s an abundance of renewable electricity during peak generation periods and then discharge back onto the grid when there’s a shortfall in supply. By leasing land for an energy storage asset, landowners can secure a long-term, stable income.

What is an energy storage project?

An energy storage project is a cluster of battery banks (or modules) that are connected to the electrical grid. These battery banks are roughly the same size as a shipping container. These are also called Battery Energy Storage Systems (BESS), or grid-scale/utility-scale energy storage or battery storage systems.

What is solar leasing?

Solar leasing is the process when a landowner sells the right to install and operate solar panels on their property. There are many details associated with these agreements, and they need to be fully understood before making any commitments.

Where should a battery storage lease be located?

In an ideal scenario, the grid connection would be located on the land in question as they are considered more favourable in planning, while also reducing the cost of an extended cable run. Properties that qualify for battery storage leasing are ideally located adjacent to a substation.

What permitting regimes apply to battery energy storage projects?

There are three distinct permitting regimes that apply in developing battery energy storage projects, depending upon the owner, developer, and location of the project. The increasing mandates and incentives for the rapid deployment of energy storage are resulting in a boom in the deployment of utility-scale battery energy storage systems (BESS).

Can you lease land for solar development?

Landowners in some regions are being approached with exploratory offers to lease their land for solar development. Solar developers may be in contact with a number of landowners to see if there is sufficient interest and land area to develop a project.