FRV Australia and Genesis Energy commence operations in New Zealand with acquisition of large-scale solar site
- FRV Australia and its joint venture partner, Genesis Energy, have acquired a fully consented, large-scale solar site near Lauriston on the Canterbury Plains that’s expected to be operational next year.
- The 52MW project is expected to be the first project of the Joint Venture that will deliver up to 500MW of solar capacity over the next five years.
- FRV Australia, 51% owned by Abdul Latif Jameel Energy and 49% by OMERS Infrastructure, has expanded its activities to New Zealand in 2021.
Sydney, 7th February 2023
FRV Australia is progressing quickly with the expansion of its activities in New Zealand working under a Joint Venture agreement with Genesis, a New Zealand publicly listed electricity generation company and the largest electricity and natural gas retailer in the country.
FRV Australia and Genesis formed a JV in late 2021 to develop up to 500MW of solar capacity over the next five years in New Zealand. This is expected to generate about 750GWh pa – enough to power 100,000 households or 185,000 EVs per year.
Located one hour’s drive from Christchurch, Lauriston solar farm is a planned 52MW project located on a 93-hectare site. Once operational, it will power the equivalent of 9,800 houses. It is expected to create more than 50 jobs during the construction phase and employ up to 3 full-time staff when operational.
Initially developed by the United Kingdom based Hive Energy, Lauriston is fully consented, among the furthest advanced large-scale solar projects sites in the country, and expected begin construction later this year.
FRVs regional expansion further strengthens and deepens Abdul Latif Jameel Energy’s expertise in the solar energy market, building on its already strong pipeline of green energy assets across the globe. It also consolidates OMERS Infrastructure’s leading position in infrastructure and renewable investments across different regions.