Leasing Wind Turbines

Leasing Wind Turbines

David Sparks Ph.D.
David Sparks Ph.D.
An article in the online publication of Reuters News tells us that a wind turbine company which has carved out a niche leasing wind turbines to farms and rural homes, has clinched $200 million in funding from a Toronto-based company which will turn out to be the largest-ever single investment in small wind projects.

Distributed generation, or power that is produced where it is consumed, has taken off in recent years as governments have pushed for more renewable sources of energy and have sought to scale back on fossil fuels like coal and natural gas that are traditionally used in utility-owned power plants.

Small wind turbines work best on large properties, generally an acre or more, where wind is abundant. The turbines are far smaller than the massive ones seen in a typical industrial wind farms. United Wind customers include farms, industrial facilities and rural homes.

Wind energy is really cost prohibitive. You can't just go out and buy a wind turbine like you can buy a solar panel. Qualified applicants can lease wind turbines which will power their agricultural operations and they will make lease payments.

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