First Nations equity deal at Bulabul Battery project offers model for Aboriginal ownership in clean energy transition
By
Reece Harley
Summary
AMPYR Australia's Bulabul Battery project near Wellington, NSW on Wiradjuri Country includes a First Nations equity arrangement where Wambal Bila Limited (representing the Wellington Aboriginal community) can acquire a 5% equity stake. This deal is being presented as a potential model for Aboriginal ownership and participation in Australia's clean energy transition, highlighting how Indigenous communities can benefit economically from renewable energy infrastructure projects.
Source
Key quotes
· 2 pulledA First Nations equity arrangement at AMPYR Australia's Bulabul Battery project in central west New South Wales is being held up as a potential model for Aboriginal ownership in Australia's clean energy transition.
Wambal Bila Limited, representing the Wellington Aboriginal community, has secured the right to acquire a five per cent equity stake in the first stage of the project.
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