Posted by MSD on September 05, 2010 at 11:33:02 from (4.254.222.58):
In Reply to: Way OT- Wind Turbines posted by farmer boy on September 04, 2010 at 22:57:06:
Each company, I am sure, has a different contract to sign. I have signed on with 2 different companies and didn't think their contracts were that difficult to figure out. Any questions I had they gladly answered to clarify it for me. My land is in a remote area with no farm sites close by. All the neighboring land owners also have signed on so why not get in on the money also. To date, I received a $1000 for each year of the agreement plus a $1000 signing bonus. The agreement is for 3 years and after that time, they can extend it for another 2 years. At that time, they pay another extra $1000 to renew it. So for a 5 year deal, I receive $7000. Then if they decide to go ahead and put a tower on my land, they pay $5000 per year with yearly 2% increases. This depends on the size of turbine they put up. The bigger, the more they pay.
The language about the easement for road and tower was not that difficult to understand. Tower removal and returning the land to pretower condition is spelled out. Taxes on the tower is covered in it. If no tower is put on your land but a line is run across it, they pay also. This is probably why they try to get as many to sign on as possible. Makes getting a transmission line in a lot easier.
John Deere recently sold their holdings in wind towers for $860 million for the working units. 75% of the power capability was already being under contract. They also got $40 million additional for projects in the works. The towers can run around $1 million apiece, depending on the size. Payback on them is in 6-7 years I have heard. Lots of profit to be made by the companies putting them up.
From where I am working now, we see windmill blades going on the interstate all day long. Sometimes as high as 15 blades a day go by. I don't think they are just a fad at the cost and shear number of them that are in the country. Ever been to the Grand Canyon lately? The haze you see is from power plant emissions. We can't keep on building them and expect to have clear days forever either.
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