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re: With more solar farms in the works, West Baton Rouge leaders move to require permits
Posted on 1/16/21 at 11:43 am to billjamin
Posted on 1/16/21 at 11:43 am to billjamin
quote:
There are mechanics that have been successfully used for every type of energy project. I’ve seen them first hand and they address all of the mentioned concerns.
You obviously never stuck around until the end and seen the end result.
Edit:. And what you are pumping is about what we’ve seen from the average developer/financier.
I can’t speak for solar developments in other parts of the country but what’s happening in Southern LA is not the answer.
We will be looking back in 30-40 years and say, “boy, what a waste.” But you will be off pedaling the next “big” energy deal.
This post was edited on 1/16/21 at 11:50 am
1
Posted on 1/16/21 at 12:42 pm to stewie
quote:
You obviously never stuck around until the end and seen the end result. Edit:. And what you are pumping is about what we’ve seen from the average developer/financier. I can’t speak for solar developments in other parts of the country but what’s happening in Southern LA is not the answer. We will be looking back in 30-40 years and say, “boy, what a waste.” But you will be off pedaling the next “big” energy deal.
I have actually. I have personal land that has a diverse gen type development on it. I constructed the contract with a servicer, pre paid back up servicer and a remediation fund managed by a trust. These are not atypical and in most of the deals I’m involved with.
You seem to have made your mind up about the industry and that’s unfortunate. There are some top tier players in it.
If by off pedaling my next big deal you mean supporting US energy development, then yes I will certainly be off doing that.
Posted on 1/16/21 at 1:38 pm to billjamin
quote:
You seem to have made your mind up about the industry and that’s unfortunate.
Yes, I have made up my mind that out of state/nation solar companies gobbling up this state’s best Ag land for cheap solar projects, looking to make a quick buck through tax credits, is a bad thing.
Based on your statements in this thread, I will safely assume that you know very little about (1) the challenges of remediating Ag land in this area, (2) the lopsided leases being proposed in this area, and (3) the devastating impact this is having on top tier Ag producers in this state.
I’m not saying that solar is not part of the answer for our energy needs. I’m saying that targeting our states (and others) prime Ag land is a huge mistake.
Once in solar/industry, there is no going back to top Ag land ... at least for hundreds of years.
What remediation that may work in an Arizona desert or Texas grazing pasture will not work in top row crop production land in Louisiana ... ask any crop consultant or Ag extension agent/researcher.
Posted on 1/16/21 at 2:32 pm to stewie
quote:
Based on your statements in this thread, I will safely assume that you know very little about (1) the challenges of remediating Ag land in this area, (2) the lopsided leases being proposed in this area, and (3) the devastating impact this is having on top tier Ag producers in this state.
Correct, I know nothing about this. But I do know how to hire professionals, maybe someone like yourself, to tell me when I’m working deals.
I am struggling to understand how the best ag land is somehow more value as a cheap solar lease. If it’s so great for agriculture, shouldn’t the economics blow up? Solar isn’t exactly known for paying land owners a lot of money. I honestly know nothing about growing anything. I’m genuinely curious because I don’t work that part of the deal.
I’m curious why you don’t feel similarly about O&G. How long is land unviable when produced water is spilled? A pump jack sits unserviced for years and leaks? A tank battery dumps its load?
My opinion is they all have issues. I’ve seen shitty players in each sector and they destroy land when they screw up then bankrupt themselves and move on. I won’t throw names out but I’ve seen North La devastated by it.
This post was edited on 1/16/21 at 2:50 pm
Posted on 1/16/21 at 4:19 pm to Dingeaux
quote:
must be a Bueche Road guy?
Yep. There abouts.
quote:
will SUN ELECTRIC have their hand in these installations. Funny how they are linked to the Parish President
Of course. If Berthelot’s kid wasn’t getting the electrical work and supplies off the proposed farm, it wouldn’t have ever been proposed.
Posted on 1/16/21 at 4:24 pm to billjamin
Even prime AG land is subject to the markets.
Are these solar contracts set amounts or market dependent?
Are these solar contracts set amounts or market dependent?
Posted on 1/16/21 at 4:34 pm to GREENHEAD22
quote:
Are these solar contracts set amounts or market dependent?
Usually a set minimum for acreage and a profit share that obviously ebbs and flows with power rates. Then they typically have escalators at certain points.
ETA. They’re almost identical to O&G leases. Methodology wise, they usually just don’t include big signing bonuses and put it all in the royalties.
This post was edited on 1/16/21 at 4:46 pm
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