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Plan to let all farmers invest in nearby renewable projects | Stock & Land

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Renewable energy developments would have to offer all nearby farmers the chance to invest in the project and share its revenue, under a new plan put forward to the government.

The proposal, developed by independent Indi MP Helen Haines, aims to fill the gap between where renewable projects are located and where the money produced goes.

The bill would establish the Australian Local Power Agency to support regional communities develop their own renewable projects and share in profits generated by the booming industry.

Ms Haines said renewable energy could deliver “dizzying wealth” to the regions, like the gold rush and wool boom before it, with modelling suggesting it could generate $4 billion for the regional economy.

“The idea behind ALPA…



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