The Anatomy of a Wind Farm Contract – Part 2

The Law is my Oyster

noisy turbines

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…

View original post 1,916 more words

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s