Aquila Capital confirms 1 GW solar PV pipeline for New Zealand – pv magazine International & More News Here

May 13, 2022David Carroll

From pv magazine Australia

Auckland-based renewables developer Far North Solar Farm (FNSF) stated this week that it has partnered with German funding supervisor Aquila Capital to develop an estimated NZD 1 billion ($625.8 million) suite of large-scale solar PV initiatives throughout New Zealand’s north and south islands.

FNSF, which lately began constructing a 16 MW solar farm close to Pukenui, stated the pipeline of initiatives might provide roughly 4% of New Zealand’s complete annual vitality demand. That would characterize roughly 11% of the nation’s present clear vitality era capability. The 1 GW pipeline contains a number of challenge websites throughout the north and south islands, with FNSF confirming it has already secured 13 websites near transmission factors.

FNSF Director John Telfer stated each corporations have (*1*)

Telfer stated the businesses intention to interrupt floor on no less than 4 North Island initiatives this yr, with the rest of the initiatives to be rolled out over the following two to 5 years. Hamburg-based Aquila Capital, which manages greater than 12 GW of wind, solar PV and hydropower belongings all through the world, stated the initiatives would assist New Zealand’s clear vitality transition and goal of net-zero emissions by 2050.

Aquila Asia Pacific CEO Alexander Lenz stated the businesses had been inspired by New Zealand’s progressive renewable vitality targets and the federal government’s soon-to-be-announced Emissions Reductions Plan.

“We are excited to reach this stage of development after assessing all possible sites and preparing for our solar PV build-out with FNSF,” he stated. “This would not have been possible without New Zealand’s focus on meeting its progressive clean energy targets. The time for clean energy is now, and together with FNSF, we are ready to support New Zealand’s ambitious energy transition goals.”

The announcement comes as FNSF continues building on its Pukenui solar farm being developed on the Far North’s Te Aupōuri peninsular. The NZD 30 million challenge will characteristic 32,000 solar panels unfold throughout a 12-hectare website. The asset is predicted to be start era later this yr.

FSNF and Aquila Capital are the most recent companies to focus on solar developments in New Zealand. While the biggest operational PV facility within the nation is Sunergise’s 2.1MW Kapuni Solar Power Plant that started operations in May final yr, energy corporations Meridian, Contact Energy and Genesis and new gamers Lodestone and Helios have all introduced plans to construct solar developments of varied sizes previously 12 months.

These commitments include New Zealand’s largest solar array at the moment underneath building. The 150 MW Kōwhai Park solar farm is being developed by Christchurch Airport on a 400-hectare website adjoining to its runways. The challenge will scale up over the following 30 years with the primary stage to ship a 220-hectare solar array able to producing sufficient electrical energy to energy 30,000 houses.

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