Solar
Capitalising a solar lease
Solar PV leases on agricultural or commercial land typically run 25 to 40 years, often with RPI-linked rent reviews.
Solar leases are commonly written on lower-grade agricultural land, which can make them straightforward to capitalise since the underlying land use and value are well understood by valuers on both sides.
Any stage of development
Leases can typically be capitalised whether a project is still in planning, under construction, or already operational — the valuation simply reflects the stage the project is at.