We are pleased to have finished work on an Iowa project. LeaseGen advised the landowners in a coming project on their lease economics and the value of that future revenue stream. We look forward to continuing our expansion in to other states.
A number of articles related to the Canadian Cowley Ridge wind project note a decommissioning risk factor that isn’t often as obvious as something like turbines and wind resource — but it may be the most important factor to consider. While the articles note an inability to source parts for the 23-year-old Kenetech turbines, they […]
A February 17, 2016 NorthAmerican WindPower article shows again why it matters to consider repowering when analyzing a turbine lease revenue stream. NAW notes Gamesa has received an order from Energiekontor (a German developer) for three 4.5 MW machines. These three machines will replace 11 one-MW turbines, doubling the projects’ output. For a US landowner […]
Apex has announced a 12-year deal with a corporate offtaker (Steelcase) for 25 MW of a 150 MW project’s capacity. Like with the recent EDF and Salesforce deal noted in a prior blog post, this arrangement creates an additional level of uncertainty regarding long-term project revenues. And this uncertainty trickles down to the lessor’s revenue […]
Xcel has announced its intention to increase its combined wind and solar percentage to 35% of its energy mix. Very positive news for wind and solar developers, especially near-term, because we have to think Xcel will procure most of this before the expiration of the extended PTC and ITC. In the articles discussing this, one […]
A January 25, 2015 Vattenfall press release states it is decommissioning a 10 MW offshore project. The press release notes the project was commissioned in 2001. Vattenfall also notes the particular turbine model is no longer in production, that acquiring parts was difficult, and that they have other project locations with better wind resources. For […]
The number of corporate PPAs is noteworthy, and positive. It seems corporate procurement reduces stranded asset risk — by increasing the number of potential offtakers for a particular project. The terms of these agreements, however, need to be considered, because they make the future revenue stream more uncertain than typically would be the case. By […]
While the recent PTC extension is worth noting — NERC’s recent report (referenced in the AWEA link below) is maybe more significant in terms of wind’s long-term role. Second to price, integration arguably has been the second-most significant issue for wind. But, as with wind pricing which has dropped considerably (and is being seen as offering […]
A small German wind project (built in 1999) has been repowered with Vestas V112 machines — on 140 meter and 119 meter towers. My thinking for some time has been that the German market is a good indication of where the US may or will be heading. It seems we’ve followed the Germans in increasing […]
Xcel’s acquisition of two RES projects shows the continued trend of utility wind project ownership — all suggesting wind will have a long-term role in US power generation, providing long-term revenue to wind lease owners. http://renews.biz/100812/xcel-boosts-wind-stable/