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Wind and Solar Land Leases for Developers: Lender Diligence Terms and Decommissioning Security Statutes

Lender diligence and decommissioning security can each stall a wind or solar financing. Learn to sort lease defects into holds-closing, cured-by-endorsement-or-estoppel, and accept-the-risk, and to navigate statutory decommissioning security against landowner demands that go above and beyond the statute.

2026-11-13 14:30:00

Program Details

2026-11-13 14:30:00

Program Details

2026-11-13 14:30:00

Over 1,000+ webinars

2026-11-13 14:30:00

Course Overview

The lease that financed the last project may not close the next one

2026-11-13 14:30:00

Two issues now have the potential to stall a wind or solar financing. One is lender diligence on leases and options. The other is county and landowner demands for decommissioning security, the funds that guarantee equipment removal at project end. Lender counsel audits site control clause by clause after Ridge Renewables and Lyle v. Midway Solar. State decommissioning statutes take a variety of approaches, and landowners then ask for more.

Miss a leasehold mortgagee protection and closing holds. Lose the farm lender’s SNDA and the options narrow. Extend a lease the wrong way after Ridge Renewables and the extension may not survive. Ignore Lyle v. Midway Solar and the mineral estate sets the terms. Apply the Texas or Oklahoma pledged-debt formula and the salvage credit shrinks. Let the landowner demand security above the statute and two obligations compete.

Attendees leave able to predict which defects lender counsel will refuse to close over. They learn which endorsement or estoppel will clear the rest. They take home an annotated red-flag lease checklist with sample fix language. A counsel’s review checklist guides the interplay between statutory decommissioning obligations and landowner requests.

Format

CLE Credit

2h CLE Credits

Level

Intermediate

Length

2

Key topics that will be covered

01
Leasehold Mortgagee Protections
How the leasehold mortgagee protections lender counsel expects are drafted, and the options when the farm lender refuses to sign a fee-mortgage SNDA.
02
Extensions and Severed Rights
How extension amendments and severed wind rights are drafted after Ridge Renewables, and how mineral accommodation is handled after Lyle v. Midway Solar.
03
Title and Landowner Claims
Which energy title endorsements clear a defect, which exceptions lenders reject, and the drafting fixes for landowner termination, payment, and damage claims.
04
State Decommissioning Statutes
How state decommissioning statutes differ in their regulatory approaches, and how the pledged-debt reduction under the Texas, Oklahoma, and comparable statutes shrinks the salvage credit.
05
Updates and Landowner Demands
How statutory and county update cycles and estimator selection work, and how to resolve conflicts between statutory decommissioning security and above-and-beyond landowner lease provisions.
06
Security Form and Repowering
How security form, beneficiary, posting date, and double-bonding fit together, and how repowering, partial decommissioning, and operating-project statutes reopen the obligation.

Program schedule

clock 2:30 pm - 3:30 pm EST

Auditing Wind and Solar Leases Against Lender Diligence and Landowner Termination Claims

This advanced hour audits a wind or solar option-and-lease clause by clause, the way lender counsel runs site-control diligence. Each defect is sorted into one of three tiers: holds closing, cured by endorsement or estoppel, or accepted as risk. Attendees leave able to predict which defects lender counsel will refuse to close over and which endorsement or estoppel will clear, and they leave with an annotated red-flag checklist that carries sample fix language.

Nura Azzam YanakiNura Azzam Yanaki
Lauren Shapiro NewberryLauren Shapiro Newberry
clock 3:40 pm - 4:40 pm EST

Wind and Solar Decommissioning Statutes

This hour surveys the statutory decommissioning security frameworks that govern wind and solar projects, with attention to the variety of approaches states have adopted. Developer-side counsel sees how salvage formulas work under statutes, such as those in Texas and Oklahoma, where the pledged-debt term shrinks the salvage credit, and how counties diverge on whether to bar, haircut, or gross up salvage. The session also covers statutory and county update cycles and the conflicts that arise when landowners demand security provisions in the lease that go above and beyond what the applicable statute requires. Attendees leave with a counsel’s review checklist for navigating the interplay between statutory decommissioning obligations and landowner requests.

Nura Azzam YanakiNura Azzam Yanaki
Lauren Shapiro NewberryLauren Shapiro Newberry
Lauren Shapiro Newberry

Lauren Shapiro Newberry

Norton Rose Fulbright US LLP

Nura Azzam Yanaki

Nura Azzam Yanaki

Norton Rose Fulbright US LLP

Lauren Shapiro Newberry

Lauren Shapiro Newberry

Norton Rose Fulbright US LLP

Lauren Shapiro is Counsel in Norton Rose Fulbright’s Austin office, where she practices real estate and title law in the energy industry. She advises utility-scale renewable energy projects on site control and title insurance, reviews title commitments, prepares closing instruction letters, and drafts the curative instruments that resolve title defects for developers. Her transactional work includes drafting purchase and sale agreements, letter agreements, and other real estate documents for energy projects. In 2024 she was part of the Norton Rose Fulbright team that acted as real estate counsel for Sol Systems in the construction loan and tax equity financing of Phase II of the 152 MW Eldorado Solar Project in Saline County, Illinois.

Education & Credentials

Ms. Shapiro earned her JD, cum laude, from Southern Methodist University Dedman School of Law in 2007 and her BA, magna cum laude, from Emory University in 2004. She is admitted to the Texas State Bar and the New Mexico State Bar.

Recognition & Leadership

She was named to Texas Super Lawyers Rising Stars in 2021.

Professional Involvement

Ms. Shapiro is a member of the Oil, Gas, and Energy Resources Law Section of the State Bar of Texas, the Natural Resources, Energy, and Environmental Section of the State Bar of New Mexico, and Women in Renewable Industries and Sustainable Energy (WRISE).

Experience

Her practice centers on the land side of utility-scale renewable energy projects: establishing site control, reviewing title commitments against lender and underwriter requirements, preparing closing instruction letters, and drafting curative instruments so that title defects do not hold up a financing. She served on the firm's real estate team for Sol Systems in both phases of the Eldorado Solar Project financing in Saline County, Illinois (March and June 2024), a utility-scale facility expected to exceed 300 MW when complete, and she drafts the purchase and sale agreements, letter agreements, and related transactional documents that accompany those closings.
Nura Azzam Yanaki

Nura Azzam Yanaki

Norton Rose Fulbright US LLP

Nura Azzam Yanaki is a commercial real estate attorney in Norton Rose Fulbright’s Chicago office whose development practice covers renewable energy projects alongside retail, office, student housing, industrial, and educational properties. She drafts and negotiates the transactional documents that carry a project from acquisition through financing, including purchase and sale agreements, leases, loan agreements, development agreements, guaranties, and indemnities, and she runs due diligence on asset acquisitions and dispositions. The firm has named her on its real estate teams for Matrix Renewables’ acquisition of a 4.6 GW utility-scale solar development portfolio in the central United States, the preferred equity and debt financings of Matrix’s 210 MWac Stillhouse Solar project in Bell County, Texas, and Perennial Power Holdings’ joint venture with CEP Solar covering more than 1.5 GW of solar and battery storage projects in Virginia.

Education & Credentials

She earned her JD, cum laude, from Loyola University of Chicago School of Law in 2011 and her BA, with honors, from the University of California, Santa Barbara, in 2007. She is admitted to the Illinois State Bar.

Recognition & Leadership

She is listed in The Best Lawyers in America for Real Estate Law (2025 edition) and was named an Associate to Watch for Illinois real estate by Chambers USA from 2018 through 2020. She serves on the board of the Arab American Bar Association of Illinois, where she was President from 2021 to 2023, and on the board of the National Arab American Bar Association.

Professional Involvement

Ms. Yanaki is a Board Member and Past President of the Arab American Bar Association of Illinois and a Board Member of the National Arab American Bar Association.

Experience

Her renewable energy work includes the Norton Rose Fulbright teams that represented Matrix Renewables in acquiring a 4.6 GW portfolio of utility-scale solar projects from SolarStone Partners, advised Matrix on the US$376 million debt financing and preferred equity for the Stillhouse Solar project, and represented Perennial Power Holdings in forming CEP PPH Partners, LLC with CEP Solar for solar and storage development in Virginia. Her broader development experience includes representing a REIT in a sale-leaseback of 30 properties in nine states valued at approximately US$150 million, a US$70 million sale with seller financing of seven properties in four states to a charter school operator, and a REIT's nationwide acquisition, leasing, and disposition of charter school and early childcare properties with closed transactions of approximately US$700 million. She has also handled due diligence on roughly 40 projects supporting a private equity investment of up to US$150 million in a development company, site assemblages and development loans in Raleigh and Wilmington, North Carolina, and the acquisition, disposition, and development of multi-tenant shopping centers in Illinois and Indiana.
Lauren Shapiro Newberry

Lauren Shapiro Newberry

Norton Rose Fulbright US LLP

Lauren Shapiro is Counsel in Norton Rose Fulbright’s Austin office, where she practices real estate and title law in the energy industry. She advises utility-scale renewable energy projects on site control and title insurance, reviews title commitments, prepares closing instruction letters, and drafts the curative instruments that resolve title defects for developers. Her transactional work includes drafting purchase and sale agreements, letter agreements, and other real estate documents for energy projects. In 2024 she was part of the Norton Rose Fulbright team that acted as real estate counsel for Sol Systems in the construction loan and tax equity financing of Phase II of the 152 MW Eldorado Solar Project in Saline County, Illinois.

Education & Credentials

Ms. Shapiro earned her JD, cum laude, from Southern Methodist University Dedman School of Law in 2007 and her BA, magna cum laude, from Emory University in 2004. She is admitted to the Texas State Bar and the New Mexico State Bar.

Recognition & Leadership

She was named to Texas Super Lawyers Rising Stars in 2021.

Professional Involvement

Ms. Shapiro is a member of the Oil, Gas, and Energy Resources Law Section of the State Bar of Texas, the Natural Resources, Energy, and Environmental Section of the State Bar of New Mexico, and Women in Renewable Industries and Sustainable Energy (WRISE).

Experience

Her practice centers on the land side of utility-scale renewable energy projects: establishing site control, reviewing title commitments against lender and underwriter requirements, preparing closing instruction letters, and drafting curative instruments so that title defects do not hold up a financing. She served on the firm's real estate team for Sol Systems in both phases of the Eldorado Solar Project financing in Saline County, Illinois (March and June 2024), a utility-scale facility expected to exceed 300 MW when complete, and she drafts the purchase and sale agreements, letter agreements, and related transactional documents that accompany those closings.
Nura Azzam Yanaki

Nura Azzam Yanaki

Norton Rose Fulbright US LLP

Nura Azzam Yanaki is a commercial real estate attorney in Norton Rose Fulbright’s Chicago office whose development practice covers renewable energy projects alongside retail, office, student housing, industrial, and educational properties. She drafts and negotiates the transactional documents that carry a project from acquisition through financing, including purchase and sale agreements, leases, loan agreements, development agreements, guaranties, and indemnities, and she runs due diligence on asset acquisitions and dispositions. The firm has named her on its real estate teams for Matrix Renewables’ acquisition of a 4.6 GW utility-scale solar development portfolio in the central United States, the preferred equity and debt financings of Matrix’s 210 MWac Stillhouse Solar project in Bell County, Texas, and Perennial Power Holdings’ joint venture with CEP Solar covering more than 1.5 GW of solar and battery storage projects in Virginia.

Education & Credentials

She earned her JD, cum laude, from Loyola University of Chicago School of Law in 2011 and her BA, with honors, from the University of California, Santa Barbara, in 2007. She is admitted to the Illinois State Bar.

Recognition & Leadership

She is listed in The Best Lawyers in America for Real Estate Law (2025 edition) and was named an Associate to Watch for Illinois real estate by Chambers USA from 2018 through 2020. She serves on the board of the Arab American Bar Association of Illinois, where she was President from 2021 to 2023, and on the board of the National Arab American Bar Association.

Professional Involvement

Ms. Yanaki is a Board Member and Past President of the Arab American Bar Association of Illinois and a Board Member of the National Arab American Bar Association.

Experience

Her renewable energy work includes the Norton Rose Fulbright teams that represented Matrix Renewables in acquiring a 4.6 GW portfolio of utility-scale solar projects from SolarStone Partners, advised Matrix on the US$376 million debt financing and preferred equity for the Stillhouse Solar project, and represented Perennial Power Holdings in forming CEP PPH Partners, LLC with CEP Solar for solar and storage development in Virginia. Her broader development experience includes representing a REIT in a sale-leaseback of 30 properties in nine states valued at approximately US$150 million, a US$70 million sale with seller financing of seven properties in four states to a charter school operator, and a REIT's nationwide acquisition, leasing, and disposition of charter school and early childcare properties with closed transactions of approximately US$700 million. She has also handled due diligence on roughly 40 projects supporting a private equity investment of up to US$150 million in a development company, site assemblages and development loans in Raleigh and Wilmington, North Carolina, and the acquisition, disposition, and development of multi-tenant shopping centers in Illinois and Indiana.

Credits by state

AK2.0
AL2.0
AR2.0
AZ2.0
CA2.0
CO2.0
CT2.0
DC2.0
DE2.0
FL2.0
GA2.0
HI2.0
IA2.0
ID2.0
IL2.0
IN2.0
KS2.0
KY2.0
LA2.0
MA2.0
MD2.0
ME2.0
MI2.0
MN2.0
MO2.4
MS2.0
MT2.0
NC2.0
ND2.0
NE2.0
NH120.0
NJ2.0
NM2.0
NV2.0
NY2.0
OH2.0
OK2.5
OR2.0
PA2.0
RI2.5
SC2.0
SD2.0
TN2.0
TX2.0
UT2.0
VA2.0
VT2.0
WA2.0
WI2.0
WV2.4
WY2.0

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MCLE Credits

Alabama
Pending
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Approved
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Arkansas
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California
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Colorado
Pending
Connecticut
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Delaware
Pending
District of Columbia
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Indiana
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Kentucky
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Maine
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Maryland
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Massachusetts
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Michigan
No Required
Minnesota
Pending
Mississippi
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Missouri
Approved
Montana
Pending
Nebraska
Pending
Nevada
Pending
New Hampshire
Approved
New Jersey
Approved
New Mexico
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New York
Approved
North Carolina
Pending
North Dakota
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Ohio
Pending
Oklahoma
Pending
Oregon
Pending
Pennsylvania
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Rhode Island
Pending
South Carolina
Pending
South Dakota
No Required
Tennessee
Pending
Texas
Approved
Utah
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Virginia
Not Eligible
Washington
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West Virginia
Pending
Wisconsin
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Wyoming
Pending

Alabama

Requirements

The Alabama State Bar MCLE Commission requires attorneys to complete 12 credits, including 1 ethics, by December 31 of each year. All credits must be reported by February 15 of the following year. A maximum of 12 credits, including 1 ethics credit, may be carried over for 1 year only.  

Formats

  • Attorneys can earn unlimited “live” credit through live seminars, live webcasts, and co-sponsored locations with MyLAWCLE-Alabama approved programs
  • Attorneys are limited to 6 credits per compliance period of “online” programs through MyLAwCLE On-Demand programs