Penola Plantations 2026 – P26-1 Inverell

Penola Plantations 2026 – P26-1 Inverell is a Plantation Forestry carbon project located approximately 5km west of the township of Casterton in the Glenelg Shire of Victoria. Registered on September 3, 2025, the project covers an area of 135.64 hectares. The site is situated on or near a property historically known as "Inverell" along the Casterton-Penola Road, an area characterized by a mix of grazing properties and plantation estates near the South Australian border.

The project operates under the Carbon Credits (Carbon Farming Initiative, Plantation Forestry) Methodology Determination 2022. Specifically, it implements an "avoided conversion" activity (Schedule 3). This methodology credits the carbon abatement achieved by preventing a plantation from being converted into non-forested land, such as pasture or cropland, after harvest. Instead of clearing the land for agriculture, the proponent commits to re-establishing and maintaining the plantation forest. This is particularly relevant given that the "Inverell" property was marketed in 2023 as a prime "grazing property," suggesting a distinct risk that the land could have exited the forestry cycle without this intervention.

The surrounding Green Triangle region is one of Australia's most significant forestry hubs, renowned for its ideal growing conditions. The area typically experiences reliable rainfall of approximately 650mm per year and features fertile sandy loam and clay soils. These conditions support rapid growth for Pinus radiata (radiata pine), the dominant species in the Penola Plantations estate. The project is managed by Timberlands Pacific Pty Ltd on behalf of the Green Triangle Forest Operating Sub Trust, a major institutional investment vehicle that manages extensive timber assets across the region.