GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >>

 
  Share
  • The solar plant will produce enough energy to supply more than 45,000 Australian homes, while avoiding the emission of 175,000 tons of CO2 per year
  • FRV has invested USD 700m in Australia since 2012 
  • Company investing USD 900m worldwide in 2019 alone in strategy to increase installed capacity eight-fold by 2024 in projects around the world
Dubai, UAE, 10 April 2019:  Fotowatio Renewable Ventures (FRV), part of Abdul Latif Jameel Energy and a global leader in the development of renewable energy projects, has announced that its latest project in Australia, the Lilyvale solar plant, is now up and running.
 
The 100 MW ac project produced its first Kwh of energy last month and is expected to reach full capacity in the coming months following a testing phase. Located in the Queensland Central Highlands region, the Lilyvale solar plant will generate enough power to supply 45,000 homes, while avoiding the emission of 175,000 tons of CO2 per year. This is the fourth project connected by the company in Australia, with a total of 276 MW AC under operation
Lilyvale is the second large-scale solar installation of FRV in Queensland. FRV signed a PPA with Ergon Energy Retail for the full plant capacity in January 2017. The project was financed in September 2017 with a group of banks comprising the Banking Group of Australia and New Zealand (ANZ), the Bank of Tokyo and Mitsubishi UFJ, Ltd (MUFG) and Sumitomo Mitsui Banking Corporation (SMBC). 
 
Carlo Frigerio, Managing Director of FRV in Australia, highlighted the importance of this project in the generation of green energy in the country: 'Australia continues to be a key market worldwide for renewable energy investments. With projects like Lilyvale, FRV is delighted to participate to the country's ongoing energy transformation and transition to sustainability and care for the environment”
 
Fady Jameel, Deputy President and Vice Chairman of Abdul Latif Jameel, said: 'We are proud to announce this project milestone, and to be contributing to Australia's drive for clean energy. Australia is a strong and promising market for FRV and Abdul Latif Jameel Energy, and we see significant potential to expand investment in the years ahead and spearhead the development of the sector in the country and further afield. 
 
He added: “Abdul Latif Jameel Energy has committed to significantly expanding FRV's international operations, with plans to invest USD900 million in 2019 alone, and the longer term goal of increasing the total installed capacity of our projects around the world over eight-fold in the next five years, from 0.7 GW at the beginning of 2019 to 5.8 GW by 2024.”
 
FRV has developed a total of six solar operating or committed projects in Australia with an accumulated investment of around USD 0.7 billion since 2012: Royalla (20 MW AC) in the Australian Capital Territory, Moree (56 MW AC) in New South Wales, Clare (100 MW AC) and Lilyvale (100MW AC) in Queensland, Goonumbla (67.8 MW AC) in New South Wales and Winton (85 MW AC) in Victoria. 



Posted by : GoDubai Editorial Team
Viewed 5252 times
Posted on : Wednesday, April 10, 2019  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : Schneider Electric Extends Award-Winning Galaxy UPS Series with the Galaxy VS for Critical Infrast...
Next Story : At Hannover Messe 2019, Schneider Electric showcases digital collaboration and productivity solution...
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
Police Is the Official Eyewear in Sony Pictures' “men in Black™: International”
Michael Kors Celebrates Old Bond Street Townhouse With a Series of Events
Discover the irresistible La Yuqawam Pour Femme Fragrance
Make their Eid special this year with these perfect gifts!
An essential guide to buying fragrance
Eid Gift Guide Options
Flormar's Three Beauty Essentials for Ramadan Nights
Rado True Thinline My Bird Limited Edition'
Gift your loved ones a fragrance to remember this Eid by Rasasi Perfumes
SPF Must Haves – for everyday sun exposure!
TAG Heuer launches 2 special editions to commemorate Indy 500 race - Carrera and...
Tissot Chrono XL NBA Collector'
Salvatore Ferragamo Timepieces – Spring/Summer 2019 Collection'
6,000 worshippers prayed with Sheikh Saad bin Said Al-Ghamdi at Grand Mosque of ...
Chronoswiss Flying Regulator Night and Day Limited Edition
Carl F. Bucherer celebrates premiere of John Wick: Chapter 3 – Parabellum...
HONOR Has Got You Covered This Eid With Multiple Gifting Options
First Five Cities Revealed for New Call of Duty Esports League
MOUAWAD: Wedding Sets 2019
Longchamp Eyewear Introduces a New Sunglass Style Featuring the Brand's Signatu...
The Ultimate Eid Gift Guide
Surprise beat Dubai 2020 to reach NAS Volleyball semis, meet Bin Thani next
Shop the new Elna Line Collection at The Edit
Karl Lagerfeld and Puma Introduce Two Special-Edition Sneakers
Parmigiano Reggiano Exports to Gcc Region Soars to 105.2 Tons
Discover the soul and spirit of Ramadan at The Dubai Mall through inspiring work...
Carrefour Hypermarket Opens at the World's First Nature Inspired Cityland Mall
Regions' happiest workplaces revealed
LIU JO Eyewear Presents the New Girl's Collection
Dubai Customs discusses more cooperation with vegetable and fruit sector
Al-Futtaim Engineering & Technologies and Alcatel-Lucent Enterprise introduce cu...
Range Rover Reaches New Heights With Astronaut Edition Built to Celebrate Partn...
Listings: Manarat AL Saadiyat
V-Circle / Logomania Edition & Greca Edition
Splash latest product images
Ambassador of Nepal Visits Al Maya Supermarkets
OMEGA hosts a star-filled tribute to the 50th anniversary of the first lunar lan...
Looking for an opportunity to volunteer this Ramadan? Join Dubai Cares' 4-day vo...
UAEU researcher refines literacy in the 21st century
Abdul Latif Jameel Energy expands role in Middle East water sector
MOHAP Youth Council organizes Art Exhibition and Competition to highlight Emirat...
12th Edition of ‘Eiman Oasis' to be Held at Al Qasba Mosque During Ramadan
Sultan bin Ahmed Al Qasimi Launches Kan Yama Kan Book Donation Campaign's fifth ...
The iconic Maserati GranTurismo joins Dubai Police luxury patrol fleet
The Luxury Closet supports Dubai Cares' global education programs
Grand Opening of Prof. Sakla Spanish Eye Clinic for Eye Surgeries & Treatments i...
Samsung Becomes First TV Manufacturer to Launch The Apple TV App and AirPlay 2
Visit Dubai Festival City this Ramadan and Grab Exclusive Offers
Sharjah Chamber Discusses Enhancing Trade and Investment Cooperation with Brazil
Empower signs Gold Sponsorship Agreement with ASHRAE RAL for two years