Solar Projects: The Prospecting Race & ARENA Funding
UPDATE: The Solar Race
The “solar prospecting race” is continuing to heat up with in Central Queensland. Farmers and landowners are being approached by solar and renewable energy companies interested in building large-scale solar farms on their land.
Solar Projects – On-farm Income
Solar projects and farms are an opportunity for farmers and landowners to earn a different form of “on-farm” income. In addition to directly benefiting the farmers and landowners, solar projects and farms can have a wider impact on rural communities in Queensland. These projects offer a relatively reliable energy source and create job opportunities during the construction of the solar farm.
Australian Renewable Energy Agency
The Australian Renewable Energy Agency (ARENA) has recently announced that 10 large-scale solar projects in Queensland have been selected to proceed from the proposal stage to the full application stage. The projects selected are able to bid to secure Federal Government funding. A full list of these solar projects can be found on the ARENA website.
The Federal Environment Minister, Greg Hunt has said “the shortlisted proposals were chosen from a very strong field, demonstrating Australia is ready to invest in utility-scale renewable energy options suited to the 21st century”.
If Federal Government funding is received by solar and renewable energy companies, we are set to see large-scale solar projects located in Dalby, Proserpine, Oakey, Hughenden, Longreach, Baralaba and Ipswich.
If you have been approached by a solar or renewable energy company or have questions about the potential opportunities, including the use of your property for clean energy or renewable projects, our Rural, Mining and Gas Agribusiness Team can help.
Please contact either Melanie Findlay or Emma Kime for further information. You may also be interested in our previous article on Solar Farm Opportunities for Landowners or our Landowner Lawyer Blog.