Four-year package, to be announced by Adam Bandt on Saturday, will allow the ventures to generate tax-free profits from the electricity created

The Greens will announce that they will spend $265.2m on community-owned renewable energy projects, including allowing these to generate tax-free profits from the electricity created.

The Greens energy spokesman, Adam Bandt, will announce the four-year package on Saturday in North Fitzroy at an apartment block seeking to establish a community-owned renewable project.

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Source: Guardian Environment