Fotowatio Renewable wins funding for 20-MW Aussie solar project - report
Sep 3, 2013 - Netherlands-based solar energy firm Fotowatio Renewable Ventures (FRV) has secured financing from two Australian lenders for the construction of a 20-MW solar system in Australia.
The Dutch firm said on Monday in an e-mailed statement to Bloomberg that the funding will be extended from the Australia and New Zealand Banking Group (ASX:ANZ) and National Australia Bank (ASX:NAB). It will be allocated for the company’s Royalla photovoltaic (PV) power plant in the Australian Capital Territory (ACT).
The solar park, touted as one of the biggest of its kind in Australia, will get a feed-in tariff (FiT) by the ACT government for a 20-year term. It will be built by Spanish infrastructure and renewable energy firm Acciona (MCE:ANA) and is expected to be put on stream by the middle of 2014.
FRV has installed more than 360 MW of solar capacity and has taken part in the development of 2,750 MW more at different stages, according to its website.
Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.