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Oil No, Wind Yes
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<blockquote data-quote="Veteran" data-source="post: 2955542" data-attributes="member: 118038"><p>In all the projects I am familiar with, the issue of decommissioning a wind farm always gets addressed up front.</p><p></p><p>Usually, in the leases the developer has obligations to remove, salvage, and haul away the old equipment.</p><p></p><p>But, on top of that legal obligation, the county that is granting zoning permits or a special use permit will stipulate that no permits can even be issued until the developer has posted bonds, letters of credit, or other financial assurance in a 3rd party escrow account sufficient to pay for removal or decommissioning. There is usually a look back review every 5 years to top off for inflation. </p><p></p><p>This is all pretty standard industry wide. No permit to build without first posting money to take down..</p><p>..</p></blockquote><p></p>
[QUOTE="Veteran, post: 2955542, member: 118038"] In all the projects I am familiar with, the issue of decommissioning a wind farm always gets addressed up front. Usually, in the leases the developer has obligations to remove, salvage, and haul away the old equipment. But, on top of that legal obligation, the county that is granting zoning permits or a special use permit will stipulate that no permits can even be issued until the developer has posted bonds, letters of credit, or other financial assurance in a 3rd party escrow account sufficient to pay for removal or decommissioning. There is usually a look back review every 5 years to top off for inflation. This is all pretty standard industry wide. No permit to build without first posting money to take down.. .. [/QUOTE]
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