Fotowatio Renewable Ventures (FRV) said on Tuesday that its Australian unit acquired a 52-MW solar farm project in New Zealand with the joint venture (JV) with domestic power as well as gas energy Genesis Energy Ltd (NZE: GNE).
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.
Clean Energy Finance Corporation chief executive Ian Learmonth says there is an urgency to roll out large scale solar and wind projects to reach the target of 82 per cent renewables by 2030.