The Importance Of Decommissioning Security

Law360, New York (April 12, 2010, 12:02 PM EDT) -- A landowner who is approached by a developer interested in leasing land in connection with a renewable energy project should consider negotiating for decommissioning security in its ground lease or other contractual arrangements with the developer.

Every project has a lifetime after which it is no longer cost effective to continue operations. At that time, it is said that the project is “decommissioned.”

The goal of decommissioning is to remove the installed power generation equipment and to return the site to a condition as close to...
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