On the same day $5.6 million was allocated for specific local infrastructure projects, a $60 million funding pool to be shared across the Edward River, Hay Shire and Murrumbidgee Council communities was revealed.
Edward River’s share of the NSW Government and EnergyCo Community and Employment Benefit Program allocation is yet to be determined.
The funding is intended to “support long-term regional prosperity alongside renewable energy development” in the South West Renewable Energy Zone.
And contributions will continue in years to come from access fees paid by renewable energy projects with a connection agreement - BayWa r.e., Origin Energy, Someva and AGL, and Spark Renewables.
Edward River Mayor Ashley Hall and CEO Jack Bond made the trip to Hay last Wednesday to be present for the announcement, made by Minister for Climate Change, Energy and Environment Penny Sharpe.
Ms Sharpe said the investments help to ensure host communities are well-placed to benefit from the jobs and economic opportunities generated by renewable energy development.
“This $60 million in funding is just the beginning,” she said.
“It will be amplified by renewable energy projects in the REZ and deliver initiatives that will continue to support the region long after construction has finished.”
Cr Hall said council recognises that community opinion on renewable energy projects is split, but that the associated funding agreements have significant benefit for the region.
“The Community and Employment Benefit Program is a significant opportunity to ensure our community sees real, lasting benefits from the REZ,” Cr Hall said.
“We’re focused on making sure Edward River genuinely benefits from this investment, with funding directed toward projects that strengthen livability, support growth and deliver long-term outcomes for our community.”
“Renewable Energy Zones are not controlled by local councils, who have no power over the rollout of the program, however, councils can strongly advocate for the best outcomes for their community.
“If council were to reject these projects and the associated community opportunities, the developments would likely proceed regardless, meaning our local community could miss out on potential benefits.”
Council has said it will investigate the best use for whatever share of the $60 million it is allocated.
“These funds will be earmarked for projects that support economic development, improve livability and enhanced community amenity,” the council said.
“At this stage, no specific projects have been identified, however council will draw on its Growth Strategy and Community Strategic Plan to identify initiatives that will deliver long-term benefits to the community.
“Legacy projects with long lasting impact that support our community into the future will be a priority.”
Council said the important element of this funding is that it can be used to support any community impacted by REZ projects, and not limited by the REZ boundary as initially speculated.
“This expansion is logical, as funding should follow impact, not just geography,” council said.
“Much of the Edward River LGA will feel some effects - especially on critical infrastructure like roads - and council must ensure these costs are not borne by the community alone.”
The other funding announcement made last week was through the Sustainable Communities Program, designed to offset the impacts of water buybacks and other federal water policies.
It saw $4 million added to $2 million already secured from Origin Energy for the Perrin Park Childcare Centre, and just over $15 million to be invested in Deniliquin Saleyards upgrades.
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