FRV Australia

Renewable energy and battery storage developer Fotowatio Renewable Ventures says it has raised more than $1.2 billion in new debt finance for its Australian clean energy assets, including its first standalone battery project planned for Victoria.

Global renewables project developer Fotowatio Renewable Ventures says its 5 MW solar and battery hybrid power plant near Dalby in southern Queensland has been completed and is now operational.

The rollout of large-scale solar in New Zealand continues to gather pace with renewables developer FRV Australia and joint venture partner Genesis Energy announcing that construction proper has commenced on a 47 MW solar farm at Lauriston on the country’s South Island.

Early works have commenced on the largest solar farm to reach financial close in New Zealand with Genesis Energy and renewables partner FRV Australia confirming they have finalised the financing for the 47 MW Lauriston Solar Farm.

The managing director of Omers Infrastructure, a Canadian infrastructure fund with stakes in FRV Australia and Transgrid, has said the company is “well short” of its investment hopes for Australian renewables.

Genesis Energy’s ambition to become New Zealand’s largest solar generator has gained momentum with the company announcing sites for three new projects with a combined 400 MW of renewable electricity capacity.

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.

FRV Australia has reached financial close on its Walla Walla Solar Farm thanks to a PPA with Microsoft. The company is also progressing its second big battery in Australia, the 250 MW / 500 MWh Gnarwarre battery in Victoria, after winning support from the Australian Renewable Energy Agency.

Fotowatio Renewable Ventures has unveiled plans to deliver its first standalone battery energy storage system in Australia, announcing it will build a 100 MW/200 MWh big battery in Victoria’s southwest after securing $7 million in funding from the state government.

The decarbonisation of Australia’s electricity grid continues with the Australian arm of global renewable energy developer Fotowatio Renewable Ventures confirming the 115 MW Metz Solar Farm in New South Wales has achieved commercial operation status and is now generating at 100% of its capacity.