The bill introduces a new section, 640.1800, to Missouri law that establishes comprehensive regulations for utility-scale solar projects, focusing on decommissioning and financial assurance requirements. It defines key terms such as "cessation of operations," which occurs when a solar project has not generated power for twelve months, and "utility-scale solar project," defined as those capable of producing two megawatts or more. Project owners are mandated to properly decommission and restore the property within one year of cessation, which includes notifying the Department of Natural Resources and submitting a detailed decommissioning plan. Existing projects are given until December 31, 2027, to comply with these new regulations. Additionally, the bill outlines specific financial assurance requirements that project owners must meet to ensure funds are available for decommissioning, even in cases of insolvency. Owners are required to register with the department and update their registration every five years, providing detailed information about the project and its decommissioning plan. The bill also includes provisions for penalties for non-compliance, allowing the attorney general to take legal action if necessary. It mandates that financial assurance criteria consider various factors, including the type of solar technology, the size and number of photovoltaic modules, and the condition of the property prior to construction. Periodic updates regarding financial assurance and detailed decommissioning plans are also required to ensure effective oversight of utility-scale solar projects.

Statutes affected:
Introduced (5590H.01): 640.1800