Penola Plantations 2026 - P26-1 Inverell

Penola Plantations 2026 - P26-1 Inverell is a Plantation Forestry project located approximately 10km west of Casterton in south-western Victoria, falling within the prominent Green Triangle forestry region. It was registered in September 2025 and covers an area of 135.64 hectares.

The project operates under the Carbon Credits (Carbon Farming Initiative - Plantation Forestry) Methodology Determination 2022. Plantation forestry projects of this type involve the avoided conversion of an existing or harvested plantation to non-forested land. By committing to establish and maintain a new plantation forest for the commercial harvesting of wood products, the project sequesters carbon and prevents the land from being cleared for agricultural purposes. Standard methodology requirements include adhering to specific stocking densities, establishing new trees post-harvest, and implementing sustainable commercial forest management practices.

The Green Triangle region is world-renowned for its extensive commercial forestry, primarily softwood radiata pine and hardwood blue gums, alongside traditional sheep and cattle grazing. The environment is highly conducive to forestry, characterised by a cool temperate climate with reliable, high winter-dominant rainfall often exceeding 650-800 mm annually. Soils in this specific area typically consist of sandy loams over clay subsoils (such as Chromosols and Kurosols) which support robust tree root systems and water retention.

The project proponent, Timberlands Pacific Pty Ltd, manages a vast estate of over 47,000 hectares of principally radiata pine across the South Australian and Victorian border on behalf of the Green Triangle Forest Operating Sub Trust. The "Inverell" forest block is one of several Victorian parcels in this estate. Through this carbon project, Timberlands Pacific is ensuring that the Inverell block continues to yield sustainable wood products while capturing atmospheric carbon, actively avoiding conversion to pastureland.