FREQUENTLY ASKED QUESTIONS
Your full service renewable energy provider
We look for flat, dry properties from 50-1000 acres within close proximity to electrical infrastructure. Typically, this means your property is within a mile of transmission lines, electrical substations, or three phase power lines.
These projects take between one and three years to complete the design work, permitting, and electrical interconnection studies. In order to accomplish this, we need to have your lease or purchase contract in place. The option period allows us to complete this work and be sure we can use your property to build the project once it’s ready.
Yes. We will pay you a negotiated cash payment upon signing the option, as well as annual payments while we complete the development work.
Yes. We will occasionally need access to perform surveys and studies on the land but will not impact your use in any way until construction starts.
A standard lease is 25 years with several 5-year extension periods; however, we can be flexible in negotiating the extension periods.
Korsail creates comprehensive decommissioning plans for all of our projects and ensures sufficient money is in place to remove the plant and return the land to its original condition. Once the plant is ready to be retired at the end of the lease term, or in the very unlikely event Korsail becomes financially insolvent, the plan will be enacted and cover 100% of the costs of removing the plant and restoring vegetation.
Korsail maintains 100% of the lease area including mowing and maintaining vegetation and upkeep on the facility and fencing.
Korsail will pay 100% of the property taxes on the lease area and the addition of the plant will not increase taxes on any property you keep.
These plants produce no noise, very minimal glare and only require a few security lights around the transformer pads at night. There are no onsite personal required to operate the plant, and we will only be onsite monthly or quarterly for maintenance.
No, these options are binding contracts. We invest a significant amount of time and money in these projects during the option period and require the security of knowing the land will be there when we’re ready to start construction.
No problem. We are experienced in dealing with corporate and individual mineral owners and can build projects on current or future drill sites.
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If you have a question you do not see answered in our FAQ, you can always contact us. We will respond with an answer shortly!