Massive photo voltaic on a roll, as 1GW challenge pipeline corporations up in New Zealand

Giga-scale plans to construct out large-scale photo voltaic farms in New Zealand will kick off this yr, in a collaboration between German funding outfit Aquila Capital and native PV challenge developer Far North Photo voltaic Farm.

Aquila and FNSF stated on Thursday they’re able to make a begin on the portfolio of photo voltaic initiatives they’ve been growing throughout NZ and which might whole as much as 1GW of mixed capability, as soon as accomplished.

The businesses say they’ve invested vital capital and assets to pick out and assess appropriate challenge websites and acquire permits and consents to get them to “ready-to-build”-status – sufficient to get began on “a handful of chosen initiatives” this yr.

Finally, the deliberate 1GW pipeline will embody a number of challenge websites throughout the North and South Island and provide round 4 per cent of the nation’s whole annual vitality demand, or round 11% of New Zealand’s present clear vitality era capability.

“We will’t wait to start out developing the photo voltaic PV websites we’ve deliberate and consented,” stated FNSF NZ director, John Telfer.

“To be partnering with such a dedicated international investor in clear vitality era as Aquila Capital, and on the size that we collectively intend, is thrilling not just for us but additionally the complete nation.

“This partnership is able to help the federal government’s emissions finances targets set to be introduced by Local weather Change Minister James Shaw subsequent week and to assist ship on the promise of increasing the renewable vitality sector inside New Zealand,” Telfer stated.

New Zealand at the moment has a nationwide goal to succeed in 90 per cent renewable electrical energy provide by 2025, with ranges sitting simply over the 80% mark, largely equipped by hydro, wind and geothermal assets.

In photo voltaic, NZ has just one large-scale challenge in operation; however there are a number of extra on the best way, together with the 23MW Lodestone One photo voltaic farm, the 3MW Naumai photo voltaic farm and the 16MW Pukenui photo voltaic farm, which FNSF broke floor on in July 2021.

Simply final month, one other duo – this time Lightsource bp and NZ utility Contact Power – announced their own plans to collaborate on a giant photo voltaic growth spree throughout Aotearoa, focusing on a number of initiatives of no less than 50MW in dimension.


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