Worksheet for Evaluating Wind Leases
Wind energy is a renewable resource where the wind power is converted to electricity by a wind turbine.
According to the American Wind Energy Association (AWEA), Michigan ranks 14th in terms of states with the most wind energy potential:
- North Dakota
- South Dakota
- New Mexico
- New York
A Renewable Portfolio Standard (RPS) is a requirement that a specified percentage of electricity sold must be from renewable energy sources. Currently, the Legislature is considering RPS legislation. Michigan Farm Bureau supports a renewable energy portfolio standard emphasizing in-state production and ownership.
As the state government considers an RPS, electric companies are becoming increasingly interested in wind energy. Several electric companies are pursuing landowners to purchase wind energy easements. To help landowners in the negotiations of a wind turbine easement, below is a check-sheet developed by Michigan State University which is designed to offer some points of consideration when discussing the wind energy leases with your attorney: