Bureau County Board Minutes December 9 2025
Euler Hermes Named Bonding Company for Cherry Solar 1 Decommissioning
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Description
Bureau County Board approved the Updated Decommissioning and Site Restoration Plan Agreement with Euler Hermes North America Insurance Company as bonding company for the Cherry Solar 1, LLC project, securing an initial $401,819 decommissioning bond. The bond will be re-evaluated and updated at specified intervals.
Contract Details
Contract Amount
$401,819.00 (initial decommissioning bond)
Vendor
EULER HERMES NORTH AMERICA INSURANCE COMPANY
Agency
Bureau County, IL
Contract Type
INSURANCE
Document Date
December 9, 2025
Contract Term
Decommissioning bond, updated every five years after tenth anniversary of commercial operation; bond release after full decommissioning
Renewal Info
Bond amount to be updated every five years after the tenth anniversary of commercial operation based on third-party engineering re-evaluation. Bond is held until full decommissioning is completed and all County expenses are satisfied.
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