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Diversification

In return for leasing land to us, the landowner receives a generous annual rent (typically per acre of land occupied by the solar farm) that is linked to inflation and fixed for a period of 26-30 years. Depending on the location of the site this rent could range from £750 - £1150 per acre in England and Wales and from £500 - £750 per acre in Scotland.

The most common form of agricultural use is sheep grazing, however we are currently working with the agricultural colleges and universities to explore a number of crops that could be grown in between the solar arrays. All of this helps to sustain agricultural enterprise by diversifying the sources of income for a rural business, the long term rental agreement provides a source of regular, predictable income for the duration of the tenancy.

The reversible nature of solar farms also means they can easily be decommissioned and the land returned to its former agricultural use at the end of the tenancy, having benefitted from being rested from intensive farming over the intervening years.

Luminous Energy’s development process typically takes around twelve months. The landowner starts to receive rental payments once construction of the site begins.

Luminous Energy is currently seeking suitable sites to lease for solar farms across the UK. Find out if you have a site that might be suitable for a solar farm.