Moree 70MW solar power plant

28/2/2016
Project development

A$ 164 million

Announced

28/2/2016


Overview:

  • Moree 70MW solar power plant.
  • Fotowatio Renewable Ventures (FRV), a global solar power company, is developing a 70MW photovoltaic solar plant 10km south of Moree in New South Wales, Australia. 
  • Moree Solar Farm will be the first large-scale solar plant in Australia to use a single-axis horizontal tracking system, where panels follow the sun across the sky to capture sunlight and maximise power output.
  • The solar farm will have a capital value of A$164 million, and will be partially funded through a A$101 million funding grant from the Australian Renewable Energy Agency (ARENA) and a A$47 million loan from the Clean Energy Finance Corporation (CEFC).
  • It is the first large scale renewable project to receive both ARENA and CEFC support.

Adam Majeed - Regional editor

Jurisdiction:

Australia

Deal type:

Project development

Practice area:

Project development

Industry sector:

Energy


Firms:

Party: Fotowatio Renewable Ventures (Project developer)

Lawyer: Toby Anderson


Party: Australian Renewable Energy Agency (Lender)

Party: Clean Energy Finance Corporation (Lender)

Lawyer: Jane Hider