Fotowatio Renewable Ventures (FRV) has advanced its bid to become a major player in Australia’s renewables sector by signing Power Purchase Agreements (PPA) for two solar energy farms.
In April, FRV agreed a 15-year PPA with Origin Energy for 100% of the output from the recently commissioned 56 MW Moree Solar Farm in New South Wales. Moree Solar Farm uses almost 223,000 solar PV tracking modules that follow the sun’s path to maximise the energy generated each day. The farm produces 145 GWh of energy every year – enough to power 24,000 Australian households.
This was followed in May by a second PPA with Origin, for 100% of the output from the 100 MW Clare Solar Farm, to be developed outside the township of Clare in Queensland.
FRV CEO Rafael Benjumea said: “These transactions represent key steps towards achieving FRV’s strategic goals to develop and build renewable power generation assets across Australia and globally.”
In addition to the Clare Solar Farm, the company has also received planning approval for two other large-scale solar farms in Queensland. The three combined projects could deliver a combined generating capacity of around 300 MWac when completed.