Small wind turbine potential too good to miss

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News article

Small wind turbine potential

April 2010

small wind turbine on farm

Following the introduction of Feed-in Tariffs for small scale single turbines, the rates of return are so attractive that farmers are now looking to have their own single turbines to generate an income, which can be more profitable than larger scale wind projects.

The Feed-in Tariff payments that have been announced for small wind turbines are very generous allowing a farmer to achieve a 20% - 30% return on capital for a single turbine.

Compared to larger scale wind turbine projects, the planning process is much easier with a single turbine not causing such controversy with their neighbours.

The smaller turbines can be 25-45 metres high to the tip of the blade compared to bigger commercial wind turbines which reach as high as 125 metres to the tip of the blade. The smaller turbines tick all the Government’s boxes over micro-renewable energy, and are more likely to gain permission.

There is virtually no other investment on the farm - or in any other commercial market - that can achieve the high returns single wind turbines can make.

Mark Newton, Wind Energy specialist at Fisher German, comments: “A single 250kW turbine costing £400,000-£500,000 will produce a gross income in excess of £100,000 per turbine per annum. If a wind farm company puts up a 2MW turbine, which is eight times the capacity, the rental income to the farmer is only £15,000 - £20,000 per turbine per annum. Due to this potential we are being approached by a very large number of farmers and outside investors wanting to buy into this very profitable market.

I would expect that most farms in the country will have small turbines in the next 5 years so they can use the green electricity themselves and sell the surplus into the grid. With the prices of some arable crops being very low, it offers an excellent alternative for farmers to harvest wind as well as corn.”

For further information on single wind turbines, contact Mark Newton on 01858 411215 email mark.newton@fishergerman.co.uk

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