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Re: Windmills
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Posted by KRUSS1 on June 29, 2007 at 10:00:13 from (72.45.72.178):
In Reply to: Re: Windmills posted by Dave in Tx on June 29, 2007 at 04:38:39:
The big ones they put in now you are not going to get 20 on 40 acres or less. In our area 6 on a quarter section (160 acres) is the most you will get. They do steal wind from one another if too close together. They work best on rangeland (not really using up much space, cows graze right up to them. you make sure they lease the whole quarter at $5. In our case the lawyer (one very familiar with this sort of thing) charged $400.00 to a GROUP of us that signed a 60 quarter lease. Spending $400.00 to get $45000.00 per year makes the lease alone a good deal even if no development happens. I recommend that you don't sign a flat rate per tower without knowing what size tower you are talking about. We negotiated a rate per tower plus a percentage of GROSS REVENUE. Also access fees, etc. In the rate per tower we based it on a 1 MW size. You also have to consider whether the company you are dealing with is interested in development or exploration. BTW the company we picked, had 4 choices was Suncor who does have deep pockets,
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