Spanish-led consortium to develop country's first large-scale solar power station

A consortium comprising Fotowatio Renewable Ventures (FRV), BP Solar and Pacific Hydro has won an Australian Government tender to build and operate Australia’s first large-scale solar power station.
Spanish-led consortium to develop country

FRV, an independent power company based in Madrid that specialises, in solar power generation, is leading a consortium to build Australia’s first large-scale solar arrat: a 150-megawatt photovoltaic facility will be located in the New South Wales Tablelands near the regional town of Moree.

FRV CEO Rafael Benjumea said FRV – the consortium’s majority equity stakeholder -- was delighted to be a part of this landmark solar project. “The Moree Solar Farm is a very exciting project for FRV and provides a platform for FRV to expand in Australia,” Mr Benjumea said. “Australia has enormous and largely untapped potential as a major solar power producer so we see our investment in Australia as a long-term commitment.”

The Moree Solar Farm is part of the Federal Government’s Solar Flagships Program which has committed $1.5 billion to support the construction and operation of solar power stations around Australia.

“I would like to thank the Federal Government and NSW Government for supporting this project and we look forward to working with government and the local community to build a strong and viable solar industry that will deliver clean energy to Australian homes and create new jobs,” Benjumea added.

The project, the first large-scale solar power station to be built in Australia, will also be one of the largest solar facilities in the world. FRV has been awarded the contract against stiff international competition of more than 50 consortia worldwide. Construction of the plant is due to begin in 2012 with electricity produced to be sold into Australia’s National Electricity Market.

Once completed, the Moree Solar farm will comprise around 650,000 PV panels and generate enough electricity to fully power approximately 45,000 homes (roughly the size of Darwin). The farm will also deliver significant benefits to the local economy including job creation during the four-year construction phase.

The Moree Solar Farm will be built, owned and operated by a consortium comprising three partners with complementary skills: FRV, BP Solar and Pacific Hydro. FRV is the majority shareholder of the project and brings expertise in developing and operating large-scale solar PV projects and assets around the world. Widely regarded as a pioneer in the solar PV business, FRV has 241 MW of solar PV plants under operation or construction and a pipeline of more than 2.5 gigawatts (GW) of solar generation assets under development.

BP Solar is the Engineering, Procurement and Construction contractor for the Moree Solar Farm and will retain a minority stake in the shareholding of the project. BP Solar has been in the solar business for over 30 years and has extensive experience in ground-based solar installations across the globe. Pacific Hydro is recognised as one of Australia’s leading renewable energy businesses with a strong track record of commercialising renewable energy projects in Australia and building strong community engagement and support.

Collectively, the consortium has developed and/or built some 1GW of renewable energy assets.

For additional information:

Moree Solar Farm

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