Genesis New Zealand Solar PV Park is a 500MW solar PV power project. It is planned in New Zealand. The project is currently in announced stage. It will be developed in single phase. Post completion of the construction, the project is expected to get commissioned in 2025.
| Project Type | Total Capacity (MW) | Active Capacity (MW) | Pipeline Capacity (MW) | Project Status | Project Location | Project Developer | Solar PV | 500 | – | 500 | Announced | New Zealand | FRV Services Australia; Genesis Energy |
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Description
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The project is being developed and currently owned by FRV Services Australia and Genesis Energy. The company’s ownership stake in the project stands as 60% and 40% respectively.
Genesis New Zealand Solar PV Park is a ground-mounted solar project.
The project is expected to generate 750GWh electricity and supply enough clean energy to power 100,000 households.
Development Status
Post completion of the construction, the project is expected to get commissioned in 2025.
About FRV Services Australia
FRV Services Australia Pty Ltd is a solar power generation company and a subsidiary of Fotowatio Renewable Ventures Pty Ltd., based in Australia.
About Genesis Energy
Genesis Energy Ltd (Genesis) is an energy company. It generates electricity and supplies it on retail and wholesale basis. The company produces power using the coal, gas, and from renewable sources such as hydro, wind and solar sources. Genesis also supplies gas and LPG, and related services to end-users; sells and purchases electricity derivatives; and provides reward points to customers. Through interests in the Kupe Joint Venture, it explores for, develops and produces gas and petroleum products, and owns the Kupe oil and gas field in the offshore Taranaki basin. Genesis is headquartered in Auckland, New Zealand.
Methodology
All power projects included in this report are drawn from GlobalData’s Power Intelligence Center. The information regarding the project parameters is sourced through secondary information sources such as electric utilities, equipment manufacturers, developers, project proponent’s – news, deals and financial reporting, regulatory body, associations, government planning reports and publications. Wherever needed the information is further validated through primary from various stakeholders across the power value chain and professionals from leading players within the power sector.
