Wyoming Ranches for Sale: Could New Wind Farm Project be Bane or Boon?
If you’re currently on the lookout for ranches for sale in Wyoming, here’s a bit of news that can be beneficial or detrimental to your purchase, depending on your point of view. The state’s best wind sites have attracted the attention of four major companies, leading them to propose a 1,000 turbine–strong wind farm project that can generate up to 3,000 megawatts of energy.
Four companies today jointly proposed a first-in-the-U.S., $8-billion green energy initiative that would bring large amounts of clean electricity to the Los Angeles area by 2023.
The project would require construction of one of America’s largest wind farms in Wyoming, one of the world’s biggest energy storage facilities in Utah, and a 525-mile electric transmission line connecting the two sites.
“This project would be the 21st century’s Hoover Dam – a landmark of the clean energy revolution,” said Jeff Meyer, managing partner of Pathfinder Renewable Wind Energy, one of the four companies involved in the initiative.
The proposed project would generate more than twice the amount of electricity produced by the giant 1930s-era hydroelectric dam in Nevada – 9.2 million megawatt-hours per year vs. 3.9 million megawatt-hours.
Wyoming has a reputation for strong winds throughout the year. In fact, people who first move into the state are immediately warned to take care when driving during winter because it’s not uncommon for cars to literally be blown off the road. However, wind isn’t the only thing The Equality State has to offer—its lush soil is best for growing crops like hay, corn, dry edible beans, sugarbeets, wheat, and barley. Meanwhile, its cattle industry is its largest agricultural component, yielding a production value of $599 million dollars in 2008.
Suffice to say, purchasing a ranch in Wyoming for agriculture has a huge potential for profit. However, the planned wind farm project may well play into your purchase decision as the electric transmission line that will deliver power from the wind farm to Los Angeles will need to cross private properties. Depending on the location of your ranch, that electric line could cut to yours.
The good news is that electrical companies generally compensate the landowners for the use of their property. This is done through easement agreements. As such, depending on how you plan to use your land, transmission lines on your property can actually be a good deal.
If you want to know how the proposed wind farm project can impact Wyoming ranches for sale, you would do well to consult established real estate brokers like Mirr Ranch Group who have plenty of experience in navigating easement processes.
(Source: $8-billion green energy initiative proposed for Los Angeles. MarketWatch, Sept. 23, 2014)