Australia: Farmers and communities to reap billion
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Posted On: 11/19/2024 1:32:56 PM
Australia: Farmers and communities to reap billions for hosting wind and solar projects, report finds
https://reneweconomy.com.au/farmers-and-commu...ort-finds/
Payments to farmers for hosting renewable energy infrastructure will hit a total of $1 billion by 2030, and could reach up to $10 billion by 2050, indicating just how valuable wind and solar farms will be to sustaining farming operations in Australia.
Farmers in Queensland and New South Wales (NSW) will reap the bulk of the windfalls over time, with payments rocketing to the multiple billions to landholders in those two states alone by 2050, according to the latest report from Farmers for Climate Action and the Clean Energy Council.
The 2030 total for landholder payments – the leases paid to landowners for putting a wind or solar farm on their property – is estimated to be between $900,000 and $1.1 billion.
icymi
https://reneweconomy.com.au/farmers-and-commu...ort-finds/
Payments to farmers for hosting renewable energy infrastructure will hit a total of $1 billion by 2030, and could reach up to $10 billion by 2050, indicating just how valuable wind and solar farms will be to sustaining farming operations in Australia.
Farmers in Queensland and New South Wales (NSW) will reap the bulk of the windfalls over time, with payments rocketing to the multiple billions to landholders in those two states alone by 2050, according to the latest report from Farmers for Climate Action and the Clean Energy Council.
The 2030 total for landholder payments – the leases paid to landowners for putting a wind or solar farm on their property – is estimated to be between $900,000 and $1.1 billion.
icymi
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