Solar PV leases were historically arranged with 25-year terms, aligned with the original industry views regarding the likely useful-life of the equipment. It is now accepted that PV modules and other, associated, equipment will continue to offer attractive returns for a longer period, if managed and maintained correctly. Via a process of careful negotiation with existing landowners, options to extend lease terms up to 40 years (as well as other beneficial arrangements, such as the right to deploy battery storage facilities and repower current plant configurations) have been concluded. Simultaneously, applications to extend the existing 25-year planning terms by a further 15 years are submitted, creating significant uplift in the assets value when approved. To date, 100% of the planning applications have been successful, invariably with the unanimous support from the relevant authorities.
Asset Life Extensions – LLP Case Study
