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Fotowatio Announces 70MW PV Plant in Australia Reaches Financial Close

Published on 6 Aug 2014
August 4, 2014 - Fotowatio Renewable Ventures today announced that the 70MW Moree Solar Farm has reached financial close. Construction of the project will begin immediately. 

"This is a significant and exciting moment for large scale solar in Australia and for the Moree community," announced Andrea Fontana, FRV Australian Country Manager. 

"The project would not be possible without the unwavering support of the local community, Moree Plains Shire Council, the Federal Members for Parkes, NSW state government, all the people who have dedicated many hours to development of the project and last but not least, the Australian Renewable Energy Agency (ARENA) and the Clean Energy Finance Corporation (CEFC) who have provided funding for the project. Thank you all for your passion and support for this project," continued Fontana. 

Moree once completed will produce enough electricity to power the equivalent of nearly 15,000 New South Wales homes and abate nearly 95,000 tonnes of carbon pollution each year 

"The Moree Solar Farm is an opportunity to positively contribute to the country's power industry by leading the way for large scale projects and creating local jobs," added Fontana. 

Source: Fotowatio
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