Property agent appointed to sell two Scottish renewables developments ‘off-plan’

CKD Galbraith wind farm photoA leading Scots commercial property agent is selling two new Scottish renewable energy generation developments ‘off-plan’ as investors fret about falling British government subsidies.

CKD Galbraith is marketing two consented renewable energy projects enabling potential purchasers to ‘lock in’ the benefits of green energy subsidies.

 The 100kW hydro project is pre-accredited until 23 December 2015 at a rate of 20.21p/kWh and the purchaser of the two-turbine wind project has until 31 December 2014 to pre-accredit the scheme at 13.34p/kWh.

Neither project has been built and this move is equivalent to building companies selling new homes ‘off plan’ before the properties are constructed.

The agent said these opportunities will ‘appeal to both investors and developers ‘eager to beat this year’s pre-accreditation deadline, to avoid being caught by Government degression’ limits on allowances such as the Feed-in Tariff (FiT).

CKD has been appointed sole selling agent by the developer, Intelligent Land Investments (Renewable Energy) Limited for Auchenskeith Farm, a greenfield site at Dalry, north Ayrshire, with planning consent for two wind turbines with a blade tip height of 45m and a maximum hub height of 31.5m, and the Maich Hydropower Scheme, a former reservoir at Lochwinnoch, Renfrewshire, with planning consent for 100kW hydropower project.

Michael Fletcher, at CKD Galbraith, said: “The renewable energy industry, along with landowners and others, is incentivised to ensure the UK meets its green energy targets. However in December 2012 the UK Government was obliged to implement degression, a lessening year on year, for FiT to limit the effects on public finances.

“This has put pressure on investors and developers to pre-accredit sites as soon as they have obtained planning consent and paid for their grid connection in order to maximise the financial returns of their projects.

“Owing to our renewable energy experience and detailed knowledge of markets across Scotland, the two properties are among several such marketed by the firm this year.

We been involved in several sales like this over the last year. A significant number of developers have now obtained consents for renewable schemes resulting in more schemes being put to the market for sale. We believe there are more properties, with consents, to come on to the market, to build or sell.“

The wind project is to the northeast of Auchenskeith Farm, approximately 26 miles south west of Glasgow and 12 miles west of the M77 Motorway.

The Maich Water follows the regional boundaries of North Ayrshire and Renfrewshire Councils, located southeast of Cockston Farm, approximately 12 miles west of Glasgow.

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