business

Genesis Energy and FRV Australia have mutually agreed to terminate their solar development joint venture while maintaining co-ownership of the 63MWp Lauriston solar PV power plant in Canterbury, New Zealand.

Renewables developer and independent power producer (IPP) TagEnergy has acquired Australian developer ACE Power, adding 6GW of renewable energy and storage projects to its portfolio.

Venture capital firm Pacific Channel has launched Fund V, which targets 10GW of solar, wind, and energy storage in New Zealand.

QIC, one of Australia’s largest infrastructure fund managers, has completed an AU$2 billion refinancing and equity raise for Pacific Energy.

Despite an awareness of the benefits that co-located storage and solar can offer, the commercial model for such sites has yet to materialise.