The Australian developer FRV Australia has partnered up with New Zealand generation company Genesis Energy to develop 400 MW of solar power capacity that will be distributed over 740 ha in the Northern Islands of New Zealand: Manawatu (200 MW), Waikato (100 MW) and Hawke’s Bay (100 MW). The building process is expected to start as soon as all regulatory processes are taken, and a final investment decision is made. Nonetheless, it is estimated that the total cost to develop the three projects is USD$600m with the first of these sites starting operations by 2026.
FRV Australia and Genesis Joint Venture’s portfolio acquired earlier in 2023 the Lauriston solar power project (located in the Canterbury region of New Zealand), that is expected to have a total installed capacity of 52 MW once finished. With this, the JV is set to achieve its goal of securing up to 500 MW of solar projects by 2026.
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