Lease Land For Solar Farm In India

Government allows farm land lease for solar power plant agriculture industry this story is from july 28 2019 neha lalchandani tnn updated.

Lease land for solar farm in india.

For example the solar farm land requirements for a 1 megawatt solar plant is around 5 acres. As part of the agreement landowners are receiving a lump sum amount of at least rs 1 lakh per acre per year from the project developers for the lease period. Jul 28 2019 10 47 ist. Solar developers pay anywhere from a few hundred dollars up to a few thousand dollars per acre leased.

It varies considerably by the developer the size of the project the state the land is in market competition in the area from other solar developers as well as companies interested in your land for other uses and several other factors. Lease land for solar farm whether landowners are interested in increasing the revenue your land generates land banking your property until more lucrative future development opportunities are available or being part of the paradigm shift to renewable energy a solar ground lease is a fantastic option for landowners. Solar farm land lease rates in the right locations solar is one of the most profitable uses of rural land. The cost of land for 1 mw plant will therefore translate to 2 500 per month on average.

However there s a lot to take into consideration before entering into a solar lease with a developer and to help our readers better understand the nature of solar farm lease rates this article will discuss the importance of solar development in the u s how land for solar development is evaluated and how landmark dividend can help. Installing a solar farm on farmland could cause the land to lose its current agricultural use value status since. A landowner who enters into a solar lease should expect to have solar panels on his or her farm for 40 to 50 years. Solar leases are long term usually at least 20 years initially with an option to renew for another 20 to 25 years.

Solar project developers have found a solution to the land acquisition issue dogging the sector.