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Wind Royalties and Lease Payments in Montana

Quick answer

Buckhead Energy buys wind lease payments and wind royalties. Montana has 28 operating wind projects with 1,013 turbines and 2,137.3 MW of recorded capacity across 15 counties, according to the U.S. Wind Turbine Database (version 9.1, released September 28, 2026).

Wind projects by county in Montana

Rosebud County, Stillwater County and Toole County have the most recorded wind capacity in Montana, with 404.1 MW, 328 MW and 312 MW.[1]

Wind projects in Montana came online between 2005 and 2025.[1]

CountyProjectsTurbinesCapacity (MW)Online
Rosebud County5147404.12022–2024
Stillwater County21193282018–2025
Toole County32083122008–2012
Carbon County1114239.82021
Custer County276205.42023
Wheatland County4110165.72005–2014
Garfield County358160.72022–2024
Judith Basin County254119.92012–2020
Glacier County258872009–2012
Teton County21939.92014–2016
Fallon County220302008–2010
Sweet Grass County11425.12018
Cascade County1692006
Meagher County2992012–2018
Yellowstone County111.72018

Source: U.S. Wind Turbine Database (USGS, ACP, LBNL), version 9.1, released September 28, 2026. Data compiled November 3, 2026.

How wind leases pay

In royalty arrangements, the developer pays the landowner a percentage of the revenue received from the electricity produced by the turbines.[2] In a flat or fixed-fee arrangement, the developer pays a fixed fee per turbine, per unit of land or per megawatt of installed capacity on a monthly or yearly basis.[2] Wind power leases generally have terms of 20 to 40 years, often with an option to extend, while a typical utility-scale wind power project has a useful life of 20 years.[2]

Wind leases in Montana

Montana: a wind energy right, including any royalty, may not be severed from the real property, although a seller of the land may keep the payments under an existing wind option or wind energy agreement.[3]

What you sell and what you keep

What Buckhead buys depends on the deal, and Buckhead tells the seller up front which interest it is offering to buy — for example, the payments for the rest of the current lease term, a term easement, or a longer-term interest. A wind lease rents land for a term of years, and wind power leases generally have terms of 20 to 40 years, often with an option for extending the lease.[2] Under a wind lease, the landowner typically keeps the right to continue to grow crops, raise cattle or otherwise use the land outside the project.[2]

Educational information only — not legal, tax, or investment advice. The figures are public reference data, not a valuation or appraisal of any interest. Consult a qualified attorney, CPA, or landman about your specific situation.

Frequently asked questions

How many wind projects are in Montana?

Montana has 28 operating wind projects with 1,013 turbines and 2,137.3 MW of recorded capacity across 15 counties, according to the U.S. Wind Turbine Database (version 9.1, released September 28, 2026).[1]

Which Montana counties have the most wind capacity?

By recorded capacity, the leading counties are Rosebud County (404.1 MW), Stillwater County (328 MW), Toole County (312 MW), Carbon County (239.8 MW) and Custer County (205.4 MW).[1]

Can I sell wind lease payments or royalties in Montana?

Buckhead Energy buys wind lease payments and wind royalties. What Buckhead buys depends on the deal, and Buckhead tells the seller up front which interest it is offering to buy — for example, the payments for the rest of the current lease term, a term easement, or a longer-term interest.

When were Montana's wind projects built?

Of the projects with a recorded year, five came online in the 2000s, 13 in the 2010s and nine in the 2020s.[1] Wind power leases generally have terms of 20 to 40 years, often with an option to extend, while a typical utility-scale wind power project has a useful life of 20 years.[2]

What does Montana law say about wind leases?

Montana: a wind energy right, including any royalty, may not be severed from the real property, although a seller of the land may keep the payments under an existing wind option or wind energy agreement.[3]

Related pages

Selling Wind Royalties and Wind Lease Payments

Mineral rights in Montana

Solar Lease Payments and Royalties in Montana

Coal Mineral Rights and Royalties in Montana

Sources

[1] U.S. Wind Turbine Database (version 9.1, released September 28, 2026) — U.S. Geological Survey, American Clean Power Association and Lawrence Berkeley National Laboratory (accessed November 1, 2026)

[2] New York Wind Energy Guide for Local Decision Makers: Land Agreements — New York State Energy Research and Development Authority (NYSERDA) (accessed November 1, 2026)

[3] Montana Code Annotated 70-17-404: Severance of wind energy rights limited — Montana Legislature (accessed November 1, 2026)

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