Decommissioning bonds
Financial guarantees for the proper restoration of land in renewable energy projects.
Decommissioning bonds are essential to ensure the restoration of land after the useful life of solar facilities, in compliance with current regulations.
The growth of the renewable energy sector since the early 1990s has generated regulations and regulatory changes to meet the needs of the sector. However, the demand for better coordination between the various Administrations and greater unification of criteria persists. In this context, dismantling bonds are presented as a type of economic guarantee required in certain Autonomous Communities, different from those regulated in articles 59 bis and 66 bis of RD 1955/2000. These guarantees must be presented to the municipality where the photovoltaic solar installation is located.
Highlights
The obligation to present a decommissioning bond applies to projects located on non-developable land.
With the aim of providing the necessary financial guarantees to restore the land to its original state once the facility's useful life is concluded. The amount of these guarantees corresponds to the budget that must be included in the decommissioning project submitted to the Administration.
The Administration requires the dismantling guarantee after obtaining the favorable resolution of the Environmental Impact Declaration (DIA) and once the prior Administrative Authorization has been received.
The promoter must present proof of the deposit of the service and dismantling guarantee before requesting the operating authorization from the corresponding provincial service.
Some Autonomous Communities require these guarantees.
While others only require the presentation of the dismantling project, which must be submitted to the competent department of each Community.
Decommissioning bonds
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