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Over the years there has been terabytes of social media posts and comments, occasionally breaking through into the mainstream media, about how large-scale renewable energy projects lower the land values of surrounding properties.

For opponents of the industry it is still one of their main talking points, up there with wind turbine syndrome, even if independently verified evidence is virtually non-existent.

But there’s been less focus on how renewable energy potential can affect the value of host properties.

LAWD Agribusiness is an agent representing the vendors of 2583 hectares of land near Murrabit, 12km north-east of Kerang in northern Victoria.

The Murrabit Cropping Portfolio is described as “a large scale irrigated cropping opportunity, with renewable energy potential”.

And that renewable energy potential is not just an afterthought, it’s prominently displayed in LAWD’s key investment highlights, including that the properties;

·         Adjoin the Victoria-New South Wales Interconnector West (VNI West) preferred transmission line corridor

·         Are located within a proposed Renewable Energy Zone (Murray River V2)

It’s also relevant that the region around Kerang is well represented with solar farm, wind farm and BESS projects. As well as operating projects - Enel Green Power’s 27 MW Cohuna Solar Farm and Edify Energy / Gentari’s 55 MW Gannawarra Solar Farm with 25 MW BESS - there are some 14 solar, wind and BESS proposals within approximately 20km of Kerang.

Of course every location is different around Australia, with different population densities and land uses for a start, but it’s positive for the industry to see sellers openly promoting the potential renewable energy advantages of their land.

By the way, the Murrabit Cropping Portfolio is being offered for sale by Expression of Interest closing 13 November 2024 (unless sold prior), and further information is available by contacting Nathan Cleeland on 0497 114 568.