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Pages tagged "MG Corporation"

First Nations co-investment is a win-win for asset owners: Investment Magazine

It is hard to imagine a potentially more impactful investment than partnering with First Nations communities to develop a clean energy project in regional or remote Australia.

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Beyond Juukan Gorge: how First Nations people are taking charge of clean energy projects on their land - The Conversation

Many of the big wind and solar farms planned to help Australia achieve net zero emissions by 2050 will be built on the lands and waters of First Nations peoples. More than half of the projects that will extract critical minerals overlap with Indigenous-held lands.

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First Nations groups gaining bigger voice in new energy deals in Australia

The only way to secure the additional benefits along the supply chain is to have First Nations groups as shareholders. With equity or joint ownership comes respect and being taken seriously.

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East Kimberley Clean Energy Project

The $3 billion solar and green hydrogen project proposed for the East Kimberley region of Western Australia is based on a new partnership between three traditional owner groups, the Balanggarra people through the Balanggarra Ventures Corporation (a subsidiary of Balanggarra Aboriginal Corporation RNTBC), the Yawoorroong Miriuwung Gajerrong Yirrgeb Noong Dawang Aboriginal Corporation (MG Corporation), and Kimberley Land Council, with clean energy investor Pollination.

The three First Nations groups will each have an initial 25% share in the new company they've formed - Aboriginal Clean Energy, with Pollination also having a 25% share.

The East Kimberley Clean Energy project will see a ~ 2,000-hectare solar farm developed on MG Corporation freehold land near Kununurra. The resulting solar energy (approximately 1,000 megawatts) will be combined with water and hydro energy from the existing Ord Hydro Power Plant at Lake Argyle to produce green hydrogen. The green hydrogen will be transported by pipeline to Balanggarra Country in Wyndham where it will be converted to green ammonia. The green ammonia will be sold locally as a fertiliser for irrigated agriculture, and will also be exported.

The East Kimberley Clean Energy project was announced in July 2023. 

In March 2024 the Australian Renewable Energy Agency (ARENA) committed $1.6 million towards a feasibility study for the project. 

The partnership is hoping to start construction in late 2025, with the first hydrogen produced by late 2028.

Lawford Benning from MG Corporation says: "A focus on First Nations economic empowerment has led groups like ours to reject the historic passive engagement model of receiving royalties for agreeing to give up control of our lands."

Balangarra’s Cissy Gore-Birch says: "This is an opportunity where we can actually showcase that we are able to work together on a shared project and an agreement to be able to look at the bigger outcomes. This is not only just for Traditional Owners, but I guess for the rest of the nation and rest rest of the world, but the things that we’re thinking about is really bettering the lives of our people who really haven’t benefited in the past through these big projects around Australia.”