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Second Generation Market for Wind Turbines

Over the past 12 months Brown & Co has completed the sale of a number of wind turbines for farmers and landowners.

Thanks to our strong understanding of this market, we have achieved exceptionally strong sale values, with both strength and depth in the number of bidders.

The technology is now well established. Existing turbines have a proven revenue stream and the Feed In Tariff (FIT) is viewed by investors as guaranteed income.

Active buyers are principally investment funds, often represented by a third-party agent or specialist advisor, with instructions to place funding into renewable energy projects.

In our most recent sale all bidders who came forward had a strong track record in renewable energy, a well-established team of advisors and were able to provide references for other sales they had recently completed.

This proves that there is a strong, second generation buyer in the wind turbine and renewable energy market.

A word of caution. Some potential buyers take a more cavalier approach to purchasing. They may well arrive at the farm gate without invitation, apply pressure to sign up to an exclusivity agreement and offer what appears on the surface to be a good deal.

However, you must take advice as rarely is the first offer the best. In one recent case we improved an initial bid by over £1m via tendering the turbines. 

The sale of wind turbines and all renewable energy is a very complex area of professional work. It requires a great deal of preparation and information gathering. It is essential that a seller has all the documents available before the tender/sale process.

The information required is extensive and includes confirmation that all planning conditions have been met, construction documentation, warranties, performance data, capital allowances, a connection agreement, transport studies and the sign-off from all electrical and civil engineering works, to name but a few.

Without access to a full suite of documents a buyer will not be able to conduct full and proper due diligence, without which the sale cannot proceed.

If you are considering the sale of your wind turbines then you can be certain that Brown & Co has a good track record in this field, knows the key players, is able to prepare sale documentation to ensure a smooth transaction and can assist with the due diligence required on any offers that are made.