Construction of the Jinbi Solar Project on Yindjibarndi Ngurra (country) in Western Australia is set to begin after Yindjibarndi Energy Corporation successfully reached financial close and signed a 30-year Power Purchase Agreement with Rio Tinto.
Michael Woodley talking, chief executive of Yindjibarndi Nation, says “reaching financial close demonstrates that when development is Yindjibarndi‑led, underpinned by strong governance and the right partnerships, it can deliver outcomes that are both commercially sound and culturally grounded."
Yindjibarndi Energy Corporation (YEC) was established 3 years ago as a partnership between Yindjibarndi Aboriginal Corporation and ACEN Australia.
While progressing a number of renewable energy projects, Jinbi Solar is YEC's first solar project going into construction.
"This milestone reflects the completion of a disciplined and deliberate commercial development process, and the establishment of robust governance, contractual, and financing arrangements aligned with the values and priorities of both Yindjibarndi and ACEN”, says YEC in its media release.
"Jinbi demonstrates the success of a renewable energy development initiated by Traditional Owners, grounded in Country, and structured to meet the rigorous requirements of the energy market.”
Construction of Jinbi solar will now commence, with operations expected from 2028.
Congratulations Yindjibarndi Energy Corporation
It’s great to see yet another First Nations-led renewable energy development progressing in Australia, this one in equity partnership with industry group ACEN Australia.
Australia’s energy transition offers an opportunity for cooperation and mutual financial benefit for First Nations groups, and proponents and investors.
First Nations people, communities and groups are increasingly looking to co-design, lead and partner or own renewable energy systems.
It is estimated that 43% of all clean energy infrastructure required to get Australia to net zero emissions by 2060 will be sited in regional and remote areas where First Nations groups and communities have rights, interests and aspirations.
Even outside these areas, First Nations groups are rights-holders and represent an integral stakeholder in Australia’s clean energy transition and have the potential to play a significant role in clean energy projects.
Investors in clean energy projects in Australia can capitalise on the additional value and broader economic benefits that partnering with First Nations groups can bring.
By harnessing the cultural knowledge, experience and political impact of First Nations groups, and incentivising success of the project, First Nations participation and partnership can assist project developers to realise a range of benefits.
We look forward to seeing more First Nations-led renewable energy development going forward, backed by industry and government.
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Photo gratefully sourced from YEC’s media release