In my previous blog I explained how a typical wind farm contract consists of two divisible parts, an Option and a Lease. When looking at an Option, I came to the inescapable conclusion that by selling the wind farm developer an Option, the landowner essentially gave up any control over his own land for extended (potentially endless) periods, in return for often trifling sums of money.
In this blog I want to start looking at the second part of the contract – the Lease. This part forms the majority of the contract document, and we may need more than one blog to cover it all.
These contracts are about money, and clearly we need to know just how much a landowner can make, how quickly he or she can make it, and whether on a purely monetary basis it is a worthwhile exercise for a landowner to…
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