Council advertised under Section 223 of the Local Government Act its intent to enter into a lease agreement for a proposed solar farm at the GV Link land east of Toolamba Road and the railway line, being part of the land in Certificate of Title Volume 12022 Folio 891 (formerly part of Volume 11071 Folio 144), known as Toolamba Road, Mooroopna.
The subject land east of Toolamba Road had been set aside for water detention as part of the future GV Link project and Council Officers recognised an opportunity that the area north of the proposed water detention basin could be suitable for a solar farm.
Council will now enter into a lease agreement for the land with GVCE Mooroopna Solar Pty Ltd. The proposed lease is for a term of 25 years with an option to extend the lease for an additional 25 years.
The lease agreement is subject to a number of conditions relating to the planning and development of the solar farm. This includes but is not limited to, approvals and finance and entering into Power Purchase Agreements (PPA’s) with relevant parties to purchase the electricity generated by the solar farm.
The lease will not commence until the SPV has received all approvals and secured PPAs and obtained the required finance for the project with a financial institution. Rent will not be payable until the lease commences, on the commencement date following compliance with these lease conditions.
Greater Shepparton City Council Mayor, Councillor Kim O’Keeffe said it was positive to see continued investment in renewable energy projects.
“Renewable energy initiatives support the ongoing sustainability of Greater Shepparton, local businesses, industry and jobs,” Cr O’Keeffe said.
