Economic Benefits

The project will generate around 125 direct jobs during construction and around 200 indirect supply chain jobs. In addition, it will employ approximately 2-3 full-time staff members during the operation and maintenance phase (expected to be 25-30 years).

The employment benefits extend through the local supply chains to fuel supply, vehicle servicing, uniform suppliers, hotels/motels, B&B’s, cafés, pubs, catering and cleaning companies, tradespersons, tool and equipment suppliers and many other businesses.

The project has substantial environmental benefits, including:

• The ability to generate enough clean renewable energy to power approximately 83,000 Victoria homes
• Reduce C02 emissions by 0.4 million tonnes per year (which is the equivalent of removing 155,000 cars from the road)

An independent economic impact assessment conducted by Essential Economics has estimated that over the 25 year life of the project, it will generate $53.6m of additional revenue for the region through additional income and spend, rates and taxes and the community fund. For more information, you can download the full Economic Benefits Study via the link below:

Please click here for the Economic Benefits Study

 Community Funds

RES is committed to supporting the host communities where our projects are located. This project will offer a community benefit fund to the local community, payable annually for the life of the project. RES have committed to a fund of A$45,000 / annum (CPI linked). This is in addition to the $1,000 per turbine community fund which RES has pledged in respect of the wind farm development.

This fund will be managed locally and used to support local projects, community groups and organisations over the project lifetime. Input will be sought from the community to inform and shape how the fund could be implemented.

Contributing to Climate Change Policy Targets

State Government:

The Victorian Government committed to the Victorian renewable energy targets, which dictate that 25% of all the states' electricity needs to be met by renewable energy by 2020 and 40% by 2025.

Federal Government:

The Federal Government objective is to achieve an additional 33GW of electricity from renewable sources by 2020 under the Renewable Energy Target (RET).

International:

The COP21, also known as the 2015 Paris Climate Conference, achieved a legally binding and universal agreement on climate, with the aim of keeping global warming below 2°C, chiefly by reducing greenhouse gas emissions.