US Interior dept collecting retroactive rent from wind, solar parks - report

Wind turbine. Author: Frédéric BISSON. License: Creative Commons, Attribution 2.0 Generic.

May 18 (Renewables Now) - Several owners of wind and solar parks built on federal lands in the US, among which Iberdrola’s Avangrid Inc (NYSE:AGR), told Reuters they have received retroactive rent bills.

For its 131-MW Tule wind park in San Diego, Avangrid got a bill of over USD 3 million (EUR 2.8m) covering two years of rent. Reuters got confirmation that at least two other renewable energy parks have also received retroactive bills.

Wind and solar projects planned for public lands in the US are realised under rights-of-way (ROWs). The Interior Department’s Bureau of Land Management (BLM) plans to collect a gross rent amount of USD 50 million from wind and solar ROWs in 2020, and USD 21 million in 2021. These compare to an actual gross amount of USD 1.1 million in 2019 and USD 21.6 million in 2018. The fall in 2019 follows a decision by the department at end-2018 to pause rent collection from renewables in order to review stakeholder complaints related to a hike of the rent amounts by the Obama administration.

The BLM last week approved a proposal by Quinbrook Infrastructure Partners to build and operate the 690-MW Gemini solar project in Nevada.

(USD 1 = EUR 0.92)

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Browse all articles from Tsvetomira Tsanova

Tsvet has been following the development of the global renewable energy industry for almost nine years. She's got a soft spot for emerging markets.

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