Wind lease terms vary quite a bit, but general rules of thumb are: $2,500 to $5,000 per turbine, $3,000 to $4,000 per megawatt of capacity, or 2-4% of gross revenues. Click headline to read more
Commercial (Large) Scale
Provides the owner of a qualifying facility with an annual tax credit based on the amount of electricity that is generated. By focusing on the energy produced instead of capital invested, this type of tax incentive encourages projects that perform adequately. In 2007, the rate for the PTC is 1.9¢/kWh. The PTC increases from year to year based on the consumer price index.
Equal to 1,000 kilowatt-hours or 1 million watt-hours.
Equal to 1,000 kilowatts or 1 million watts.
The process of dismantling a turbine and restoring the site to pre-project conditions.
A system for establishing prices in which a utility is reimbursed for the legitimate costs it encounters in serving customers, plus a specific percentage for profit.
Locally-owned, commercial-scale wind projects that optimize local benefits. Locally-owned means that one or more members of the local community has a significant direct financial stake in the project other than through land lease payments, tax revenue, or other payments in lieu of taxes. The term Community Wind refers to the method and intention of development rather than the size of the project.
Refers to wind energy projects greater than 100 kW where the electricity is sold rather than used on-site. This category can include large arrays of 100 or more turbines owned by large corporations, a single locally-owned wind turbine greater than 100 kW in size, or anything in between.
Many cooperatives in the Midwest have been hesitant to venture into wind energy, but Sean Middleton, Manager of Engineering at the Illinois Rural Electric Cooperative (IREC), wanted to show them that it can be done
Missouri River Energy Services put up four turbines near Worthington, MN.