$171 million of wind farm land leased and wind royalties sold on LandGate
Find Your Wind Rights Value for Free: Lease Land for Wind Turbines
#1 Marketplace for Wind Turbine Leases and Wind Royalty Sales
- Find for free the value of your land for a wind farm
- List your land for wind turbines for free on our leading wind marketplace
- Receive help from a team of wind land professionals
- Your wind land is marketed to thousands of prospective lessees & buyers
- You are presented with top offers for your wind resource
- You have full control and accept or reject offers for your wind rights
Did you know that you can sell your wind rent payments?
LandGate experts help landowners receive top offers from institutional energy investors around the world to purchase your cash flow. It is free to list your interests and there is no obligation to accept offers.
- Client provides legal description of the property to LandGate
- Brokerage agreement between client and LandGate
- LandGate works on the legal description of the property
- LandGate builds the property on the website
- LandGate completes an appraisal of the property
- LandGate reviews the appraisal of the property with the client
- With the client’s approval, LandGate lists and markets the property on our marketplace
- LandGate receives offers from potential lessees or buyers during the marketing period
- LandGate maintains a continuous communication with the client about the offers received during the marketing period
- LandGate makes counteroffers if applicable
- LandGate presents the offers and its recommendation to the client
- Client selects the best offer
- LandGate negotiates the lease or buying agreement with selected lessee or buyer; LandGate continuously communicates progress to the client and integrates client’s requests
- Client is welcome to hire an attorney that can review and provide legal counsel to the client regarding the lease/buy agreement; LandGate can refer the client to a list of independent local attorneys at client’s request
- Closing
- Payment
FAQs
WIND RIGHTS VALUE
LandGate provides what is called a Wind LandEstimate™. It is a valuation of your property’s worth in wind resources. To see your Wind LandEstimate™, you can simply claim ownership of your property on our map
Learn more about leasing your land for wind turbines.
There are a lot of factors that go into what you will be paid when you lease land for wind. The LandEstimate™ for wind rights is derived from using metrics like distance to transmission lines and substations, average wind velocity, topography, property size, ease of access to your property, current and future demand for electricity, state and federal incentives, and more.
The lifespan of new generation wind turbines is 20-25 years. From the time you sign the initial wind farm lease agreement, you could have a 30-40 year relationship with the wind farm developer.
GETTING PAID FOR A WIND TURBINE LEASE ON YOUR LAND
There are quite a few ways to be paid when you lease your land for wind turbines. Across the country, deal terms vary. But generally, for Utility Scale Wind Farms, the developer will pay you $5 - $40 per acre per year until they start generating electricity. At that point, the rentals increase through the life of the wind farm. Additionally, wind farm developers are also paying landowners a royalty. The royalty is based on the revenue generated from the wind farm and paid to the landowner as a percentage of revenue. Lately we are seeing the royalty rate starting at 4% in year 1 and increasing to 10% in year 20. The royalty payments can be less predictable and dependable than a large fixed annual rental payment. However, the royalty payments also have the ability to be higher than a fixed annual rental payment.
A wind lease option is an agreement that gives the wind developer the exclusive right to enter into a lease agreement to develop a wind farm on your land. The option period of 2 - 6 years gives the developer time to obtain necessary regulatory permits, enter into power purchase agreements with electricity purchasers, obtain financing, conduct environmental studies, etc.
A wind lease option does not mean you are guaranteed to have wind turbines on your property. Wind developers use a wind lease option to ensure that they will have the exclusive right to enter into a formal wind farm land lease agreement before they invest time and money into their evaluation.
A fixed annual payment for a wind lease is a pre-negotiated amount of money you will be paid annually for your wind farm lease. The number of years is also pre-negotiated and usually 20-25 years, with an option to extend the number of years. Unlike most solar farm lease agreements, there is a good chance that your wind farm lease agreement would also provide for royalty payments to be paid to the landowner. Royalty payments are based on a percentage of the revenue received by the developer.
A Power Purchase Agreement is an agreement between the wind farm developer and a company wanting to purchase the electricity. The wind farm developer will need this agreement in place prior to making the large investment to build the wind farm on your land.
In a fixed annual rent payment lease, the landowner will not benefit from higher future electricity prices. However, if your lease provides for a royalty payment, your monthly royalty check would increase as the wind farm developer receives increased revenue as electricity prices increase.
You will be responsible for property taxes on the portion of your property that is not developed for a wind farm. The wind farm lease agreement generally provides that the developer will be responsible for the taxes assessed on the wind farm developed lands.
Landowners receiving payments from wind farm developers can market and sell those future payments. Property owners can market the payments they receive from a wind lease with LandGate. Find your parcel on our map and follow the process to create a listing.