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.
From pv magazine Australia
New Zealand government-owned Genesis Energy and renewables developer FRV Australia have announced plans for a 52 MW solar farm near Lauriston, on the South Island. The installation will be the country’s first large-scale solar farm.
The 90-hectare Lauriston solar farm, purchased from UK developer Hive Energy, already has advanced grid-connection approvals, with the companies saying it is ready for panel installation to begin in 2023. The project will hold approximately 80,000 solar panels and is set to generate around 80 GWh per year. Farmland sheep grazing will be reintroduced at the site upon the project’s completion by 2024.
Solar in is still very much in its infancy in the country, which gets most of its renewables from geothermal, wind and hydroelectric generation plants. These sources account for roughly 80% of the country’s electricity, and 40% of its total primary energy use.
While New Zealand is yet to put a utility-scale solar farm into operation, there have been a number of recent announcements for projects in development, including plans for a 400 MW solar farm from Todd Generation, and a 147 MW solar farm from UK-based Harmony Energy, both on the country’s North Island. Likewise, Lightsource bp and German investment manager Aquila Capital are looking to develop portfolios in New Zealand.
“There have been lots of solar announcements,” says Tracey Hickman, interim chief executive at Genesis. “But not many have the land, consents and grid connections in place.”
It is for its experience in developing utility-scale solar projects that Genesis Energy has teamed up with FRV Australia, the antipodean arm of Fotowatio Renewable Ventures, which has been owned by Saudi Arabia’s Abdul Latif Jameel Energy since 2015. The FRV Australia arm is today jointly owned by Abdul Latif Jameel Energy and Canada’s Omers Infrastructure.#
The joint venture was announced in 2021 and sees Genesis Energy take a 60% stake while FRV Australia controls the remaining 40%. Having delivered a reported 800 MW of solar projects, including approximately 250 MW under construction, FRV Australia said at the time it was ready to expand its regional activities to the New Zealand market.
Together, the pair plan to deliver 500 MW of solar capacity in New Zealand over the next five years.
“FRV Australia and Genesis have developed a very promising pipeline of solar projects expected to be delivered in the coming years,” said Carlo Frigerio, managing director for FRV Australia. “Lauriston solar farm complements our own pipeline and is poised to be the first large scale solar farm reaching operational stage in the country.”
More broadly, the Lauriston solar farm is part a program from Genesis Energy that aims to displace 2,650 GWh of thermal generation with new renewable power by 2030.
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Source: pv magazine