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The Cooba Solar Project has committed to an annual Community Benefit Fund (CBF) of $200,000 per year. This equates to $6M over the 30-year operational life of the project.
The CBF will directly fund local community projects or infrastructure and will be managed by a steering committee made up of local community members. The CBF is designed to evolve with the community over time, in order to deliver positive social, economic, and environmental outcomes.
The CBF will guarantee long-term financial support for the wider Colbinabbin region and ensure future growth and progression. The structure and governance of the CBF will be developed through consultation with the local community.
It is intended that the fund will be established and administered by an independently governed community-led committee with direct input into the allocation of funds across the various priority initiatives, programs, and projects. This can be facilitated through a purpose-made organisation, an existing trusted community charity or foundation, a community board, or a community committee working in partnership with Venn Energy.
Supporting the local economy
As well as the direct benefits from a Community Benefit Fund, the Cooba Solar Project will deliver a number of positive socio-economic benefits including increased employment opportunities. Approximately 250 direct jobs will be generated on the project during construction, and 5 full-time jobs during operation.
Venn Energy is also committed to sourcing goods and services from the local region as much as possible, to ensure the Cooba Solar Farm is an active and positive part of the local community.
These employment opportunities or procurement of goods and services from local businesses may include:
We welcome the opportunity to talk with you and answer any questions you may have regarding the Cooba Solar Project.
Alternatively, please complete this contact form if you would like more information about the Cooba Solar Project.
Venn Energy Pty Ltd acknowledges and pays respect to the past, present, and future Traditional Custodians and Elders of this nation and the continuation of cultural, spiritual, and educational practices of Aboriginal and Torres Strait Islander peoples
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