Lease part of your land to a power utility to operate a wind energy conversion facility with this Wind Farm Land Lease.
- The power company ⁄ lessee will initially set up a test site to run a meteorological study for a certain period of time, and the initial lease term will cover the test site.
- Upon successful completion of the testing period, the lessee will construct a permanent wind farm to convert wind energy into consumable power. The locations of the facilities will be determined from the data collected during the testing period.
- Annual rent will be calculated as a percentage of the lessee’s actual annual gross sales from wind energy production.
- The parties will share the cost of constructing any necessary access roads.
- The landowner will not construct or erect anything on the land that may negatively impact the output or efficiency of the wind farm.
This
Wind Farm Land Lease is available as a downloadable and fully editable MS Word template. This is a generic agreement which is not specific to any country or region. There may be laws in effect in your area which will require alterations to this template.
