1 — Power buyers
Proximity is priced explicitly. Sites within half a mile of a substation trade at roughly 2x the per-acre price of sites two to five miles away, and land with 230kV or 500kV service commands about 2.4x the price of land served only at 138kV and below (Altus Group, August 2026). Parcel size cuts the other way: small infill under 25 acres averaged $3.3M per acre against $28,000 per acre for greenfield sites over 1,000 acres — a spread of roughly 120x.