Moree, Australia

Moree Solar Farm Opening

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Fotowatio Renewable Ventures (FRV) officially inaugurated the Moree Solar Farm in Australia in an event that marked the opening of FRV’s landmark 70 MW dc project. The Moree Solar Farm commenced construction operations in February 2015 and 12 months later it started supplying electricity to the grid.

The event was introduced by Moree’s Aboriginal Land Council Deputy Chair, Lloyd Munro and had several speakers including representatives from FRV, the New South Wales (NSW) government, Moree´s council, the Australian Renewable Energy Agency (ARENA) The Clean Energy Finance Corporation (CEFC) and Origin. Other key stakeholders that attended the event included Green Light Contractors (subsidiary of Elecnor) as the EPC contractor and operator, Integeam as the supplier of inverters and power stations, the National Australia Bank (NAB), Herbert Smith Freehills and Aurecon.

In his speech Rafael Benjumea, CEO of FRV, took the opportunity to talk about the importance that Australia’s renewable energy policy has for the future of solar generation in the country, and explained that it would continue to enjoy the low cost clean energy if government regulations were appropriately set over the long term. In his speech, he pointed out the benefits that investing in this kind of large-scale renewable energy projects has for the socio-economic development of the country. He also congratulated all the FRV team for this great achievement, and thanked all the partners and contractors involved in the project.

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Marko Kremer

Senior Director, DIF Australia

FRV’s main strength is its ability to develop all processes internally. This provides the knowledge and capacity to anticipate what will happen and explain it clearly.

Gianfranco Carassale

Lead Investment Officer, Inter-American Investment Corporation (IIC)

Despite their size, they have been competing closely in bids with firms, which had different structures and abilities. This certainly shows their ability to be a strong market competitor. FRV has been a pioneer in market segments where no one had been before, and that has a lot of value.

Scott Mackin

Managing Partner and Co-President, Denham Capital

Denham Capital has been proud to partner with the team at FRV for nearly three years in this very successful investment. Rafael, José and their colleagues have captured a leading position in key emerging markets where solar undercuts the marginal cost of electricity.