New Zealand government-owned Genesis Energy and renewables partner FRV Australia have purchased an advanced 52 MW agrivoltaic solar project on New Zealand’s South Island. If the project meets its 2024 operational target as anticipated, it will be the country’s first utility-scale solar farm.
Fotowatio Renewable Ventures’ (FRV) Australian platform includes 637 MW (DC) in projects already operational or under construction, and a pipeline comprising 7 GW of solar projects and 1.3 GWh of battery storage.
Sustainable intentions come together in the signing of a green loan to fund ongoing development of FRV’s Sebastopol Solar Farm, which lender ING says contributes towards its ‘ambition to align our lending portfolio with the Paris Agreement goals.’
It has been two years since Fotowatio Renewable Ventures won the bid to develop the 55 MW site and with finance finally secured, the build can go ahead.
The Abu Dhabi-based clean energy group has entered into a formal agreement with an investment fund to develop 400 MW of PV capacity in Armenia, with a projected investment of up to $320 million.
The Armenian solar market has been somewhat slow to take off, but it could be experiencing a serious push, following an announcement that Abu Dhabi-based energy company Masdar plans to deploy 500 MW of solar and wind capacity in the country.
The Saudi-owned developer has announced an ambition to have installed 5.8 GW of renewables capacity by 2024 and took a small step in that direction with its 66.7 MW Al Safawi Solar Plant.
The company’s devices will be used for the Mafraq I and Mafraq II projects, which are being developed by Fotowatio.
The Spanish company has delivered system components — including 1,500 V (DC) central inverters — to Fotowatio Renewable Ventures, as part of a turnkey deal for a solar array in Clare, Queensland.
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