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Glossary

Wind Energy Lease

A wind energy lease allows a renewable energy developer to install and operate wind turbines on a property. The lessor (generally, the landowner) receives compensation through lease payments, royalties, or a combination of both.

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Battery Energy Storage System (BESS)

A Battery Energy Storage System (BESS) is a facility that stores electricity in large-scale batteries for later use. BESS projects help improve grid reliability, support renewable…

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Billboard Lease

A billboard lease is an agreement that allows an advertising company to place and operate a billboard on privately owned land. In exchange, the property owner…

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Capitalization Rate

A capitalization rate, or cap rate, is a metric used to evaluate the expected return on an income-producing property. It is generally calculated by dividing a…

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