FINANCIAL ASSURANCE FOR RENEWABLE ENERGY

Summary

The bill requires owners or operators of solar, wind, geothermal, hydro, biomass, fuel‑cell and biogas facilities to post a financial assurance before a plant can operate. The assurance must cover the full cost of removing equipment and restoring the site, and the state can seize it if the owner fails to decommission. Any forfeited money is placed in a Renewable Energy Decommissioning Fund for future clean‑up projects.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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