Financial Assurance For Solar & Wind

This bill, called the "Solar and Wind Financial Assurance Act," requires owners of solar and wind energy facilities to provide financial assurance, like a bond or insurance, to cover the cost of removing the facility and cleaning up the site when it's no longer in use. The Energy, Minerals and Natural Resources Department's energy conservation and management division will create rules for this process and manage a new "solar and wind decommissioning fund" to pay for cleanups if owners fail to do so. This applies to new facilities and those already operating, with specific deadlines for compliance.

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