Get the facts and learn more about how wind and other renewable investments are benefitting Illinois’ economy and supporting growth for rural communities.
This article by the Illinois Society of Professional Farm Managers and Rural Appraisers analyzes the impact on farmland values of wind and other renewable energy projects. Some empirical evidence is first provided from a sample of farmland sales with wind lease provisions and general comparisons to other sales made. Then, a set of important issues in evaluation wind lease payments is provided. Finally a simple stylized model is shown to help guide evaluation of wind lease payments that accompany a farm property.
Companies across the country are investing in wind energy to power their businesses and have established themselves as a major demand driver for wind power. Last year set a record for corporate purchasing as companies entered agreements to procure over 4.4 gigawatts of wind energy. AWEA’s new Wind Powers American Business report provides a detailed look at corporate procurement of wind energy in the U.S.