Get Ready for the Solar Rush!

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Presentation transcript:

Get Ready for the Solar Rush!

Getting Started Exclusivity Head of Terms:- Location of the lands The “Option Period” The Commercial Terms – the Money!!! Exclusivity Clause Maintenance Legal Fees

The Option for Lease Agreement 1. The Option Period (NB the right to extend) - if there is an option to extend the Option Period, seek to limit the rights of the Developer as follows:- - have they applied for Planning Permission - have they got a grid connection - look for more money!! 2. Landowners obligations 3. Can you use your property throughout the Option Period 4. Planning Permission

5. Legal Fees 6. Assignment of the Option 7. Insurance 8. Termination 9. Title Matters 10. Registration of a Caution

The Lease Developers Covenants 2. Landowners Covenants 3. Typical Rental Payments under a lease of a Solar Project 4. Energising Payment 5. Direct Agreement Clause