Penola Plantations 2026 – P26-1 Inverell

Penola Plantations 2026 – P26-1 Inverell is a Plantation Forestry project located approximately 9km west of Casterton in the Glenelg Shire of south-western Victoria. It was registered in September 2025 and covers 135.64 hectares.

Plantation forestry projects involve sequestering carbon by establishing new plantations, converting short-rotation plantations to long-rotation ones, or maintaining existing plantations that were at risk of being converted to non-forested land. Standard requirements dictate that the forest must be managed for commercial harvesting of wood products while maintaining appropriate stocking densities of commercial tree species.

The Casterton and wider Glenelg area is part of the Green Triangle, a region widely known for its extensive commercial forestry, cattle grazing, and cropping operations. The area is considered a temperate, high-rainfall zone with reliable winter precipitation averaging 650 to 700mm annually, and soils generally consist of sandy loams over clay alongside lateritic and basalt-derived profiles.

This project sequesters carbon by avoiding the conversion of an existing or harvested plantation to non-forested land, ensuring the site is maintained as a new plantation forest for the continuous commercial harvesting of wood products. Operating under a nominated 25-year permanence period, the project is managed by Timberlands Pacific Pty Ltd on behalf of the Green Triangle Forest Operating Sub Trust, both of which are prominent participants in Australia's sustainable forest and wood products industry.