{"id":79277,"date":"2023-08-30T01:00:43","date_gmt":"2023-08-30T01:00:43","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2023\/08\/30\/abdul-latif-jameels-frv-lands-three-new-solar-parks-in-new-zealand\/"},"modified":"2023-08-30T01:00:43","modified_gmt":"2023-08-30T01:00:43","slug":"abdul-latif-jameels-frv-lands-three-new-solar-parks-in-new-zealand","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2023\/08\/30\/abdul-latif-jameels-frv-lands-three-new-solar-parks-in-new-zealand\/","title":{"rendered":"Abdul Latif Jameel\u2019s FRV lands three new solar parks in New Zealand"},"content":{"rendered":"

<\/a>FRV lands major solar power agreement: <\/strong>Australia\u2019s leading solar developer and renewable energy platform Fotowatio Renewable Ventures (FRV) \u2014 a part of Saudi Arabia\u2019s Abdul Latif Jameel Energy<\/a>and Canadian asset management company OMERS<\/a> \u2014 has secured three new solar sites in New Zealand under a JV with the country\u2019s electricity generation company Genesis Energy<\/a>, according to a statement<\/a>.<\/p>\n

What we know: <\/strong>The solar farms \u2014 developed in New Zealand\u2019s Manawatu, Waikato, and Hawke\u2019s Bay \u2014 will have a capacity of 200 MW, 100 MW, and 100 MW respectively. Their capacity will be sufficient to power c. 85k homes annually, about the size of the country's capital Wellington. They will also remove c. 500k tons annually of greenhouse gas emitted from fossil fuel generation.<\/p>\n

It\u2019s been an eventful year: <\/strong>FRV Australia and Genesis agreed to acquire<\/a> the 52 MW Lauriston solar farm earlier this year. It is expected to start generating electricity in 2024.<\/p>\n

The JV is moving in the right direction: <\/strong>The latest agreement brings the combined generation of the four sites secured this year to 452 MW, bringing the JV closer to achieving targets set in 2021 of securing up to 500 MW of solar projects in New Zealand within five years.<\/p>\n","protected":false},"excerpt":{"rendered":"

FRV lands major solar power agreement: Australia\u2019s leading solar developer and renewable energy platform Fotowatio Renewable Ventures (FRV) \u2014 a part of Saudi Arabia\u2019s Abdul Latif Jameel Energyand Canadian asset management company OMERS \u2014 has secured three new solar sites in New Zealand under a JV with the country\u2019s electricity generation company Genesis Energy, according […]<\/p>\n","protected":false},"author":1,"featured_media":79278,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[171],"tags":[515,11,88,94,42],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-79277","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-solar","tag-abdul-latif-jameel","tag-enterpriseclimate","tag-renewables","tag-solar","tag-solar-energy","wpautop","entry"],"acf":{"mongo_id":"f7ad1f82-bf15-4509-ae39-de634c041101","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/8\/3075.jpg","photo_position":"above","related_issue":[79267],"teaser":"","voice_url":""},"yoast_head":"\nAbdul Latif Jameel\u2019s FRV lands three new solar parks in New Zealand - 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