Penola Plantations 2026 P26-7 Inverell

Penola Plantations 2026 P26-7 Inverell is a Plantation Forestry project located approximately 10km west of Casterton in Victoria, nestled closely against the South Australian border within the renowned Green Triangle region. It was registered in April 2026 and covers a project area of 116.06 hectares.

Plantation Forestry carbon projects that operate under the "Avoided conversion of a plantation to non-forested land" (Schedule 3) methodology involve sequestering carbon by continuing plantation activities rather than reverting the land to pasture or cropping. Standard requirements include establishing and maintaining a new plantation forest (often at standard commercial stocking densities) specifically for the future commercial harvesting of wood products, thereby keeping the carbon locked in the landscape and long-term timber products.

The Green Triangle region is one of Australia's premier forestry hubs, highly regarded for its extensive commercial softwood (primarily Pinus radiata) and hardwood (Tasmanian blue gum) plantations. In addition to forestry, the area is historically known for cattle and sheep grazing alongside seasonal cropping. The local environment is well-suited for high-yield timber, benefiting from reliable, moderate-to-high rainfall (typically between 600–800mm annually) and highly productive soils ranging from sandy loams to heavier clay loams over a limestone base, which support strong root establishment and groundwater recharge.

An interesting note about this project is that it is managed by Timberlands Pacific Pty Ltd (TPPL), acting as the proponent alongside the trustee for the Green Triangle Forest Operating Sub Trust. TPPL is a major forest management company overseeing more than 100,000 hectares across Tasmania and the Green Triangle. The Penola Plantations estate alone comprises roughly 47,000 hectares of radiata pine. Furthermore, TPPL holds strict Forest Stewardship Council (FSC) and Responsible Wood certifications, meaning they actively integrate High Conservation Value (HCV) areas into their plantation matrix to protect rare local flora, native fauna, and Indigenous cultural heritage sites.