USA | w1891 - 2/22/2026 22:02
Not sure why such the focus on decommissioning in the article as the farm still has value and is producing. They were a wind company who couldn’t fulfill their contract and had to buy on the open market to fulfill that contract. No different than a farmer who over sells and has to buy out of a grain contract. So sell $4 corn, have a drought and have to buy $7 corn. Their problem was their market did the equivalent of corn going from $4 to $400. No farmer would be able to handle that. But that’s more of a risk management issue rather than some sign of an industry issue.
Edit: Perhaps someone can refresh us on HRSW a few years ago. That process took a real jump to $20+ and IIRC there were issues with regards to the financial positions of some of the players involved.
Problem in this deal, is what will the landowners get paid on their lease going forward. BK court has the authority to change the lease terms.
Number of years ago there was a farmer paying close to twice the going cash rent. If memory is correct he was paying $200 rent when the majority rents where around $100. Rent was paid half upfront half in the fall. He filed chapter 12 before harvest. Landowner's never got paid the $100 due in the fall as the judge ruled the rent was too high. Rent agreements were a verbal ILL contract, landowner's had to rent it to the guy another year @ $100 acre as they did not terminate him before Nov 1.
Edited by coup 2/23/2026 06:48
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Wind Farm Bankruptcy
