Energy farm with wind and solar.
How It Works
In order to provide the ongoing demand for clean energy, VT has developed a unique Energy Farm that combines two long established forms of green energy: wind and solar. Utilizing VT’s patented DynamiqTM Wind Turbine and high efficency solar products, the Energy Farm is set up to sell power into the grid and be sold to an otaker that is looking for 100% renewable energy.
An Energy Farm requires a fair amount of land, roughly two
acres per megawatt (MW) of installed power production equipment, at a minimum. Both wind and solar will be considered as sources for this, and one or both sources will be installed and set up to run into the power grid through a local utility, so power lines or a power transfer station will need to be near the area in which the Energy Farm will be installed.
Economics and Revenue Sharing
VT does something unique with the Energy Farms in that there is a revenue sharing model with the landowner. When VT establishes the Energy Farm, a negotiated portion of the revenues is shared with the landowner each quarter due to the landowner allowing the Energy Farm to be put on the land, with the land acting as a down payment of sorts to finalize the project.
An SPV (special purpose vehicle) company, usually an LLC, would be formed with the landowner and VT as owners, in order to create transparency and liability protection to all parties, as much as possible; this is also to use for tax credits, and other accounting purposes.
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