Pilbara Solar is fifty per cent owned by YMAC, with the remaining fifty per cent owned by individual experts in renewable energy development, who are also board members of Pilbara Solar.
While YMAC is a native title representative body (NTRB), YMAC’s involvement in Pilbara Solar specifically addresses two of its Objects as a not-for-profit Aboriginal Corporation, including:
“Object 9. To support the self-determination, social, economic and political development and self management of its members.
Object 10. To participate with other Aboriginal corporations in the Yamatji and Pilbara regions in projects to their mutual benefit, including acquiring land for social, cultural and / or economic benefits for the Yamatji and Pilbara People.”
As a fifty-percent owner Pilbara Solar’s constitution allows for YMAC to nominate up to three (3) people to its Board of Directors. Currently they are Mrs Doris Eaton, Mr Peter Windie, and Pilbara Solar Managing Director Kylie Chalmers (seconded from YMAC and with involvement in Pilbara Solar since before its inception in 2017, through the highly regarded report, “Evaluating the potential to export Pilbara solar resources to the proposed ASEAN grid via a subsea high voltage direct current interconnector’).
YMAC believes it is important to have First Nations peoples on the Pilbara Solar Board, so that they can – among other things – contribute critical insight into appropriate ways of working with and engagement of First Nations groups, and advise on equity ownership.
YMAC’s investment in Pilbara Solar is regularly reviewed by our Board of Directors at YMAC Board meetings.
YMAC and Pilbara Solar are finalising a Memorandum of Understanding which will be placed on the YMAC and Pilbara Solar websites.