Financing For 100 Megawatts Solar Farm Is A Go for FVR

Lilyvale Solar Farm – along with FRV’s other large-scale solar developments installed or under construction brings the total value of FRV’s solar investments to AU$700 million

Even without grant funding, financing for the 100-megawatt solar farm was granted to Fotowatio Renewable Ventures for the Lilyvale Solar Farm. The financing was agreed with Australia and New Zealand Banking Group (ANZ), Sumitomo Mitsui Banking Corporation (SMBC) and the bank of Tokyo-Mitsubishi UFJ as reported by PV-Tech.

The solar project will require 1 million solar modules and will be connected to the national grid. Once completed, the solar farm will generate enough power to generate 45,000 homes in Queensland. Operation is expected to start in 2018.

FVR’s other renewable projects are:

  • Royalla with 20 megawatts located in the ACT
  • Moree with 56 megawatts in New South Wales
  • Clare with 100 megawatts is still being built in Northern Queensland

Click here to read the full story on PV-Tech

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Written by Jon Capistrano

Jon specialises in research and content creation for our outreach campaigns. He’s worked as a technical support representative for Dell, America Online, Xbox and Dodo Australia. He’s an avid scooterist and musician.

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