Yes, there is inherent project risk with owning cancellable land leases. Selling the property absolves this landowner of this risk. In our experience, projects under development are in the riskiest period of the lease. Early stage renewable energy project leases are at high risk due to the project’s environmental concerns, energy contract competition, neighboring landowner objections, county approval, etc. According to data from the Kern County California renewable energy planning department website, fewer than 31% of projects that get through the application process make it to producing power (source: http://pcd.kerndsa.com/planning/renewable-energy).