FRV will sell 125MW Australia plant to investment groups Lighthouse and DIF

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email

A 100MWAC (125MWDC) solar farm project in Australia will be sold by global utility-scale solar developer Fotowatio Renewable Ventures (FRV), to two investment groups.

Buyers Lighthouse Infrastructure and DIF, have signed an agreement to buy the Clare solar PV plant in northern Queensland, with FRV to continue providing operations and maintenance (O&M) for the project.

The plant is notable as the first utility-scale solar PV plant in Australia to not require government subsidies to make its construction possible. Instead it was paid for through the signing of a long-term power purchase agreement (PPA). The off-taker is Australian electricity and gas provider Origin Energy, which purchases 100% of the power and large-scale renewable energy certificates (LRECs) from the plant.

FRV has brokered a couple of other such PPA deals for large-scale solar in the country recently, although Clare PV project’s was the first to be inked. The company has been owned by the Abdul Latif Jameel Group since 2015 and has to date developed nearly 4GW of capacity across regions including Australia, the Middle East, Africa and Latin America.

The project’s construction is expected to create 200 local jobs and is expected to be completed later this year.  

Read Next

May 12, 2021
Data from green hydrogen demonstration projects should be made available to help enable the future bankability of larger installations, unleashing the sector’s decarbonisation potential, a panel has suggested.
May 11, 2021
The clean energy council has slammed the Australian government’s latest federal budget as “disappointing” for not placing more onus on expanding the country’s renewable energy capacity.
May 10, 2021
Tutly Solar, French energy giant Total Eren’s subsidiary in Uzbekistan, has been awarded an €87.4 million US$106.32 million) loan package to develop a utility-scale solar PV system in the country.
May 10, 2021
Spanish energy company Acciona plans to carry out an initial public offering (IPO) of its renewables unit before the end of June despite recent volatility among Spanish green energy stocks.
May 6, 2021
Independent power producer has Opdenergy has postponed an initial public offering (IPO) just days before its shares were due to start trading on the Spanish stock exchanges.
May 5, 2021
The Australian Renewable Energy Agency (ARENA) has selected three commercial-scale green hydrogen projects that will share in AU$103 million (US$79.7 million) of funding to support their development.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
May 26, 2021
Session 1 - 7:00 AM (BST) | Session 2 - 5:00 PM (BST)
Solar Media Events
June 15, 2021
Solar Media Events
July 6, 2021
Solar Media Events
August 24, 2021