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    ExecutiveSummary WindFeasibilityStudy

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    New England Wind
    This executive summary outlines a pre-feasibility study into establishing a community-owned wind farm in New England, Australia. The wind farm would generate between 4-10 MW of energy, enough for 3,000-6,000 homes, with an investment of $25-30 million. The study is funded by government and community partners and examines opportunities for community investment, appropriate cooperative structures, and managing risks. It will assess replicating an existing wind farm and make recommendations to assist developing similar renewable energy cooperatives.

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    ExecutiveSummary WindFeasibilityStudy

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    New England Wind
    85 views2 pages
    This executive summary outlines a pre-feasibility study into establishing a community-owned wind farm in New England, Australia. The wind farm would generate between 4-10 MW of energy, enough for 3,000-6,000 homes, with an investment of $25-30 million. The study is funded by government and community partners and examines opportunities for community investment, appropriate cooperative structures, and managing risks. It will assess replicating an existing wind farm and make recommendations to assist developing similar renewable energy cooperatives.

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    ExecutiveSummary_WindFeasibilityStudy

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    This executive summary outlines a pre-feasibility study into establishing a community-owned wind farm in New England, Australia. The wind farm would generate between 4-10 MW of energy, enough for 3,000-6,000 homes, with an investment of $25-30 million. The study is funded by government and community partners and examines opportunities for community investment, appropriate cooperative structures, and managing risks. It will assess replicating an existing wind farm and make recommendations to assist developing similar renewable energy cooperatives.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    85 views2 pages

    ExecutiveSummary WindFeasibilityStudy

    Uploaded by

    New England Wind
    This executive summary outlines a pre-feasibility study into establishing a community-owned wind farm in New England, Australia. The wind farm would generate between 4-10 MW of energy, enough for 3,000-6,000 homes, with an investment of $25-30 million. The study is funded by government and community partners and examines opportunities for community investment, appropriate cooperative structures, and managing risks. It will assess replicating an existing wind farm and make recommendations to assist developing similar renewable energy cooperatives.

    Copyright:

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    of 2

    Executive Summary ~ New England

    Community Owned Wind Farm Study


    Overview & Purpose
    This Executive Summary outlines the key details of the Pre-Feasibility Study into the
    establishment of a wind farm co-operative in the New England Tablelands.

    Such a community owned wind farm builds upon the significant momentum and
    take-up of micro-generation and solar farms in the region, with the capacity to
    generate between 4MW and 10 MW, enough for 3-6,000 homes, for an investment
    of $25-$30m.

    Funding Partners & Consortium


    The Study has been funded using a matching funding structure and Consortium of
    other funding partners who are:
    • NSW Department of Environment Climate Change & Water;
    • The Community Mutual Group;
    • Sustainable Living Armidale;
    • Farming the Sun;
    • The New England Sustainability Strategy; and,
    • Starfish Enterprises.

    Research & Community Partners


    To better reach the breadth of expertise and stakeholder interests there is a team
    of Community Research Partners also working on the Study in addition to the
    Consortium. It is expected that this team will grow however currently includes:
    • Embark;
    • The University of New England;
    • Regional Development Australia Northern Inland;
    • Armidale & District Chamber of Commerce;
    • Environmental Defenders Office;
    • Wilson & Co. Lawyers; and,
    • Jobs Australia

    Page 1 of 2
    Executive Summary ~ New England
    Community Owned Wind Farm Study
    Study Scope of Works
    The key areas for research as part of the Pre-Feasibility Study are:
    • Identifying potential for participation by landholders and local residents,
    particularly maximising participation by local financial institutions, Landcare,
    landholder groups, community groups and local government;
    • Identifying opportunities & best vehicle for raising investment & development funds,
    attracting community investment in partnership with commercial interests to
    undertake capital raising and project management;
    • Researching the most appropriate co-operative structure(s) for the venture; &
    • Fairly & effectively manage risks across different stages from pre-planning
    approval through construction and its operational life.

    The study will also include:


    • An assessment of the replicability of the Hepburn Wind Farm in Victoria;
    • An assessment of the applicability of any relevant existing co-operatives and
    similar arrangements, both within the Precinct ,and elsewhere in Australia and
    overseas; &
    • Determination of relevant Australian, State and Local Government legislation,
    regulation & programs.

    Importantly the scope of the project does not extend to assessing the feasibility of a
    wind farm at a particular site through wind speed monitoring, grid connection etc. This
    works would be considered in a potential second stage of work and full Feasibility Study.

    The final report will contain recommendations and protocols which can assist the
    development, membership and marketing of similar community co-operatives in other
    NSW renewable energy precincts.

    Strategic Positioning & Evidence Base


    Renewable energy has been identified as a strategic priority in the New England
    from several points of interest:
    • The New England Sustainability Strategy identified 'a new energy future' as a
    strategic priority for the long-term sustainability of the region;
    • The New England is one of six designated NSW Government Renewable
    Energy Precincts due to its high level of natural wind resources;
    • Build upon the substantial community momentum from the Farming the Sun
    (details below) community enterprise; and,
    • Utilise the 20% by 2020 Mandatory Renewable Energy Target.

    Page 2 of 2

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