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

May 13, 2022David Carroll

Auckland-based renewables developer Far North Solar Farm (FNSF) introduced on Thursday it had partnered with German funding supervisor and asset improvement firm Aquila Capital to develop an estimated $1 billion suite of large-scale solar PV initiatives throughout New Zealand’s North and South islands.

FNSF, which late final yr commenced development of a 16MW solar farm close to Pukenui within the Far North, mentioned the pipeline of initiatives might provide roughly 4% of New Zealand’s complete annual power demand and would symbolize roughly 11% of the nation’s present clear power era capability.

The 1GW pipeline consists of 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 mentioned each corporations have “invested significant capital and resources to select and assess suitable project sites and obtain the required permits and consents to advance these sites to ready-to-build status”.

“We can’t wait to start constructing the solar photovoltaic sites we have planned and consented,” he mentioned.

“To be partnering with such a committed global investor in clean energy generation as Aquila Capital, and on the scale we collectively intend, is exciting not only for us but also the entire country.”

Telfer mentioned the businesses purpose to interrupt floor on at the least 4 North Island initiatives this yr with the rest of the initiatives to be rolled out over the subsequent two to 5 years.

Hamburg-based Aquila Capital, which manages greater than 12GW of wind, solar PV and hydropower property globally, mentioned the initiatives would assist New Zealand’s clear power transition and goal of net-zero emissions by 2050.

Aquila Asia Pacific chief government officer Alexander Lenz mentioned the businesses had been inspired by New Zealand’s progressive renewable power 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 mentioned. “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 development on its Pukenui solar farm being developed on the Far North’s Te Aupōuri peninsular. The $30 million challenge will comprise 32,000 solar panels unfold throughout a 12-hectare web site. The asset is anticipated to be start era later this yr.

FSNF and Aquila Capital are the most recent companies to focus on solar developments within the land of the lengthy white cloud.

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 up to now 12 months.

Meridian final yr revealed it plans to construct a 100MW grid-connected battery and solar farm at Marsden Point north of Auckland, whereas New Zealand’s Contact Energy has partnered with Lightsource bp, the renewables arm of Britain-based BP, to construct out a large-scale solar portfolio of as much as 380,000MWh by 2026.

New Zealand renewables developer Lodestone Energy has introduced plans to construct 5 solar farms within the higher North Island at a value of $300m whereas English builders Hive Energy, Ethical Power Group and Solar South West have arrange a three way partnership they hope will result in 350MW of utility scale installations in NZ.

Helios Energy, a collaboration of United States and New Zealand builders, has additionally dedicated to grid-scale solar developments in NZ whereas authorities majority-owned Genesis Energy introduced it is going to be working with FRV Australia to ship 500MW of solar energy capability throughout the nation over the subsequent 5 years.

These commitments include New Zealand’s greatest solar array at the moment below development. The 150MW Kōwhai Park solar farm is being developed by Christchurch Airport on a 400ha web site adjoining to its runways. The challenge will scale up over the subsequent 30 years with the primary stage to ship a 220-hectare solar array able to producing sufficient electrical energy to energy 30,000 properties.

Australian renewable power fund Solar Bay has dedicated $100 million to the event of part one and funding director Jack Sherratt mentioned the challenge would set the usual for large-scale solar in New Zealand.

“There is nothing else like this in New Zealand – it’s innovative, far ahead of its time and absolutely world-leading in every sense,” he mentioned. “The phase one solar array is 50 times larger than any existing array in the country – and it’s just the beginning.”

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