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 ā€œdecommissioned.ā€

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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