Farmers are benefiting from rocketing rents over the last decade on the land they let to renewable energy developers, according to new research.
A Scottish property consultant found the agreed rent paid to landlords between 2002 and 2011 rose by 250%. CKD Galbraith also found income from rent for wind farm developments increased by 10-15% last year.
Mike Reid, Partner at consultancy CKD Galbraith said: “Wind farms are not only a highly effective means of generating renewable energy but they also provide additional investment to create and preserve employment and economic activity in rural areas.”
The research also showed wind developers are choosing to extend wind farms that already exist to avoid extra hassle, because the public are already used to the way they look and the necessary infrastructure is already in place.
The research covered Scottish wind farms with multiple turbines of 8-10MW or more.