Genesis Energy-FRV Australia JV acquires 52MW solar plant in New Zealand

Once operational, the plant can supply power to 9,800 houses.

The joint venture between New Zealand-listed electricity generation firm Genesis Energy and FRV Australia has purchased the 52-megawatt Lauriston solar farm.

In a joint statement, they said the solar plant, located on a 93-hectare site, will provide power enough to meet the needs of 9,800 houses.

The Lauriston solar farm, which was initially developed by UK-based Hive Energy is expected to start construction later this year and is poised to be the first large-scale solar farm to reach the operational stage in the country.

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Genesis Energy and FRV Australia formed the joint venture in late 2021 to develop 500MW of solar capacity in New Zealand over the next five years.