Community Benefits

Public Benefit Fund and Neighbour Benefit Program

Community Benefit Fund

WinterbourneWind will establish a Community Benefit Fund (CBF) to support community projects and causes.

We will provide $1,000,000 to the CBF before construction begins, as well as $750,000 every year for the life of the project based on a 600 MW development, with payments starting once the project commences commercial operation. We will contribute an extra $1000 every year as an additional contribution for the life of the project for each MW installed above 600 MW. Our annual payment to the CBF will rise to match the Consumer Price Index each year. We will make these contributions every year until the project is decommissioned.

We have agreed with Walcha Council and Uralla Shire Council to document the CBF within a Voluntary Planning Agreement (VPA). The VPA will document our obligations to make initial and ongoing contributions to the CBF, and the obligation of each local Council to administer the CBF. The funds in the CBF will be split 90% to the Walcha community and 10% to the Uralla Shire community, which matches the relative geographic and infrastructure split of the proposed project within each LGA.

An Advisory Committee will be established in each council area to make recommendations to the Councils about projects which the community wants to invest in. These could include local services and infrastructure, programs/events, support for local businesses, or environmental initiatives. Benefit funds may be rolled over to subsequent years should the Advisory Committee and Councils decide to do so. All money paid into and out of the CBF will be monitored and reported by each Council, so the community will know exactly where the money is being spent.

Jobs and Economic Benefits

The project will deliver significant benefits to the New England region and local communities, including

Significant investment in the New England region

Opportunities for local contractors and businesses

Up to 400 new jobs expected to be created during construction

Around 15 long-term service and maintenance jobs created during project operation

Development of new skilled labour in the region within the growing renewable energy industry

A Socioeconomic Assessment of the proposed project found that the proposed project will generate more than $150 million in direct wages and profits, and more than $160 million in indirect wages and profits, per year of construction. Furthermore, during project operations, the project would be expected to generate around $25 million per year in direct and indirect economic benefit for the local region.

Scroll to Top