Australia

Australia: FRV gets Investment for NSW’s Metz Solar PV Project

Feed Solar

115 MWac Metz Solar Farm will produce enough clean energy to supply up to 40,000 homes and avoid the emission of approximately 288,000 tons of CO2 annually The project signed a Power Purchase Agreement with Snowy Hydro in 2018 and will deliver significant benefits to the New England area and to the wider New South Wales community This is the third financial close of FRV in Australia this year The project is FRV’s eight solar farm in the country for a total of 650 MW owned projects solar portfolio Fotowatio Renewable Ventures, part of Abdul Latif Jameel Energy and a leading global developer of renewable energy projects, closed the financing agreement for the 115 MWac Metz Solar Farm.

The funding is provided by Westpac and NORD/LB in the form of a Green Loan compliant with the Loan Market Association Green Loan Principles and the Green Projects requirements.

The project is underpinned by a Power Purchase Agreement with Snowy Hydro, signed in 2018.

IMAGE SOURCE: GOOGLE