Community-based wind power
Bob Morris @ Jun 5th 2008 11:30 - Category: Wind turbines
National Wind’s Community Wind Model: We form an actual legal business partnership with property owners. We create a joint ownership structure for each wind project with the landowners and community as a partner. Landowners have an opportunity to influence the project and have their voices heard. The community ultimately receives a large portion of the profits.
This is quite different from standard agreements where the utility owns everything, keeps most the profits, and pays the landowner at flat rate or small royalty. This is community-based wind power with joint ownership. Everyone wins.
EcoGeek has more.
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