Agriculture & Rural Property

Thomson Snell & Passmore advise on windfarm lease agreement

Thomsons Snell & Passmore are acting for a client in granting an option for lease over a wind farm on the client’s farmland. The developer needed to restructure the option and lease due to changes in the renewable energy regulations and pay back tariffs available. This will involve splitting the land areas and granting fresh options to the wind farm developer and a new community interest company, with split leases and cross lease rights and obligations. To add further complexity the land is subject to a mortgage and so the lender’s consent for the re-structure will be required. The developer’s own funder is also a party to the arrangement so that party will also need to provide consent to the changes. We look forward to getting involved and seeking a satisfactory resolution for all parties.

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