Community Benefit Sharing Initiative
A Community Benefit Sharing Initiative has been established to help share some of the revenue generated from the solar farm with the community.
The New England Solar Farm will fund the program by providing $250 a year for every megawatt of power generating capacity installed at the solar farm over its 25-year working life. The contribution will start at $100,000 at the commencement of construction, expected to occur in the coming months.
UPC\AC recently made a decision to double the starting amount from $50,000 to $100,000 from year one to help provide more support to the local community during the construction of the project.
As part of the CBSI, we have worked with representatives of the local community to establish the Uralla Grants program.
See the latest CBSI fact sheet.
Other Community Benefits
The project will provide a number of other benefits including:
Direct and indirect business opportunities for the local and regional economy, potentially including equipment suppliers, contractors, labour hire companies, accommodation providers, eateries and fuel suppliers etc;
Employment opportunities, with up to 500 employees needed during the construction of the solar farm which will run for a period of 36 months;
Additional jobs are likely to be created if a battery energy storage facility is also built within the same timeframe;
Helping meet the NSW and Commonwealth government renewable energy targets;
Annual reductions in greenhouse gas emissions and generation of enough clean renewable electricity to power up to around 250,000 NSW homes; and
Increasing energy security by replacing ageing fossil fuel generators when they retire from service.
Supporting the Community
We are proud to be supporting a number of other important community and sporting organisations across the region. This includes the:
Uralla Cricket Club
Can Assist Uralla
Uralla Rugby Club
Uralla Netball Club
Uralla Tennis Club
We have also provided a $10,000 donation to the Need for Feed Disaster Relief program being run by the Lions for drought affected farmers in NSW and across the region. You can find out more about this very worthy cause here.
Since May 2018 we have held several public meetings in Uralla where we have presented information on the project and had many productive conversations with members of the community. Find out when our next community meeting will be here.
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