The facility can meet the power requirements of 80,000 homes. Credit: Bilanol/Shutterstock.

Fotowatio Renewable Ventures (FRV) Australia, alongside the Canadian infrastructure fund OMERS, has purchased the Axedale project, a combined solar and battery storage facility, from ACEN Australia. The move has bolstered FRV’s position in the Australian market.

The Axedale project, located 20km east of Bendigo, Victoria, has a 140MWac [megawatts alternating current] solar capacity and a 50MW/100 megawatt hours (MWh) battery storage system, capable of providing two hours of operation.

Go deeper with GlobalData

Go deeper with GlobalData

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

With an estimated annual output of 369,459MWh, the facility will meet the power requirements of 80,000 homes in the state of Victoria.

The Axedale project is close to finalising its permitting process and secured a connection agreement with AusNet and AEMO in December 2022.

FRV Australia currently operates eight plants with a combined capacity of almost 1GW.

FRV Australia is developing the Terang and Gnarwarre battery storage projects in Victoria, with Terang under construction and Gnarwarre in its early stages.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

FRV Australia CEO Carlo Frigerio stated: “The acquisition of Axedale underscores our commitment to developing innovative projects that blend renewable energy and storage, key elements for ensuring grid stability and advancing towards a cleaner, more efficient energy system.”

In November 2024, FRV Australia and OMERS announced the start of operations at the 353MW Walla Walla solar power plant in the Riverina region of New South Wales.

In August 2023, FRV Australia and Genesis Energy’s joint venture secured land for three new solar farms on New Zealand’s North Island.

With a total power generation capacity of 400MW, the three solar facilities cover a total land area of 740 hectares.

Power Technology Excellence Awards - Nominations Closed

Nominations are now closed for the Power Technology Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.

Excellence in Action
Recognised with three 2025 Power Technology Excellence Awards, Hover Energy is at the forefront of intelligent microgrids and distributed renewables. Explore how its AI-enabled Microgrid Management System™ , strategic partnerships and networked microgrids are rebuilding the grid from the ground up for a more flexible, resilient energy future.

Discover the Impact