Penola Plantations 2026 – P26-1 Inverell

Penola Plantations 2026 – P26-1 Inverell is a plantation forestry project located in the Glenelg Shire of western Victoria, near the rural town of Casterton and approximately 360 km west of Melbourne. It was registered in September 2025 and covers an area of 135.64 hectares.

Plantation forestry projects under the 2022 method generate carbon credits by increasing the long-term average carbon stock in plantations and harvested wood products. Specifically, this project involves the avoided conversion of an existing or harvested plantation forest to non-forested land. Standard requirements dictate that the project must establish and maintain a new plantation for the commercial harvesting of wood products, rather than allowing the land to revert to agricultural clearing or pasture.

The project is situated within the Green Triangle region spanning the South Australian and Victorian borders, an area renowned for its extensive commercial forestry operations, as well as dryland grazing and cropping. The region experiences moderate to high rainfall, typically averaging 600-800 mm annually, and features a variety of texture-contrast soils, such as sandy loams over clay (Kurosols) and deep sands, which provide an excellent environment for robust commercial tree growth.

This project was established by Timberlands Pacific Pty Ltd, working with The Trust Company (Australia) Limited, to ensure the plantation continues operating commercially. Timberlands Pacific manages the wider Penola Plantations estate, which comprises large areas of primarily Radiata Pine across the border. Although the title includes "Inverell," the coordinates confirm it refers to a local plantation block or parish within the Glenelg Shire rather than the well-known town in New South Wales. The proponent's broader estate sustainably yields significant volumes of forest products annually and ensures the plantation acts as a long-term store for carbon while supporting regional biodiversity.