Homepage» Landowners» What happens at the end of the lease?

What happens at the end of the lease?

Under the lease, OYA or its long-term ownership group will be responsible for removal of all equipment and infrastructure associated with the project. OYA will pay all costs associated with the decommissioning activity. While, decommissioning of the solar farm is always incorporated into the lease agreement, in some cases, towns and/or counties require developers to post a Decommissioning Bond to ensure funds are available at the end of life to remove the solar facility. While this has a financial impact to the project that will be passed on to the energy user, if required, we are happy to work with the relevant stakeholder to do so.