Entries by Brad

Watch out for what’s happening in Nebraska

An article in the Lincoln Journal Star (https://journalstar.com/business/local/wind-farms-sue-nppd-over-termination-of-power-purchase-deal/article_06e396a9-829c-5c24-873c-49a642121c7c.html) describes litigation between NPPD (power purchaser) and three of its sellers of wind power. The crux of the litigation is that NPPD wants to terminate three wind PPAs, claiming breaches associated with project acquisitions. Putting aside any questions about the merits or purpose of the suit, for […]

One more decommissioning

Wisconsin Public Service is in the process of decommissioning its Lincoln Wind Energy Facility. The 9 MW facility was commissioned in 1999. The utility stated the project has reached the end of its useful life and is no longer cost-effective to operate. Notably, the utility’s statement concerning cost-effectiveness is consistent with our observations regarding other […]

Why royalties matter — and why wind lease revenues may increase

A recent article regarding MidAmerican’s repowering efforts estimate production increases, across seven projects, between 19-28%. If other project factors remain the same (e.g. if the power price remains the same, there’s no additional curtailment, and any minimum rent has been exceeded), then for the lessors in these projects who are paid royalties, they can expect […]


Not to be dramatic, but, …. The moral remains that permits matter.   http://wcfcourier.com/news/local/govt-and-politics/supreme-court-won-t-hear-fairbank-wind-turbine-appeal-residents/article_9cc5d47d-bb18-54cf-8608-8aa218461183.html

Permits Matter — Again!!

We noted permit issues in our early model drafts, focusing mostly on administrative issues. The recent IA case (see our earlier blog post) suggested issuance issues should be considered, as well. And this most recent article out of MN (see the link below) suggests looking at operations issues, too. In all, these two recent cases […]

Permits Matter!!

I think this recent Iowa case is the first I have heard of where a developer’s permitting failure may lead to decommissioning. This case is worth watching, while on appeal to the Iowa Supreme Court. From a valuation standpoint, the lesson is permits matter, even after project construction is complete. http://wcfcourier.com/news/local/govt-and-politics/appeals-court-rules-against-fairbank-wind-farm/article_c0d05368-437f-50a1-9b64-c475b6ff94ba.html

Interesting Article Regarding Potential Wind Resource Changes

The link below is to an interesting article regarding future resource shifts. Fortunately, and most notably for our purposes, the article notes resources over the next 20 years will be similar to those of today — suggesting current resource information may have value for forecasting production during that time period.   http://cires.colorado.edu/news/continued-emissions-may-cause-global-north-south-shift-wind-power-end-century

Wind and Storage

Interesting article about Tesla’s Hornsdale Power installation. https://electrek.co/2017/11/30/tesla-100mw-battery-flexes-muscles-early-this-morning-delivers-70mw-of-stored-wind-energy-shows-off-fast-switching/

Kimball NE Repower Started

Nebraska’s first wind projects is being repowered. Construction has started on a 30 MW Kimball wind project, which replaces the former 10.5 MW Kimball wind project. The reason for this repower is noteworthy —  maintenance and repair costs for this 15-year-old project had grown to be too significant. This is one of the factors we […]