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Entre-temps, chez leurs voisins australiens, FRV a bouclé le financement de son projet solaire à <anchor>Walla Walla</anchor>, en Nouvelle-Galles du Sud. Il s’agit de son cinquième parc solaire dans cet État et de son dixième dans l’ensemble de l’Australie, ce qui représente une capacité totale de 1 GW.
FRV's 10th Solar Farm in Australia | Abdul Latif Jameel®
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# Abdul Latif Jameel Energy’s FRV achieves financial close for its 10th solar farm in Australia

December 20, 2022 I New South Wales, Australia

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Abdul Latif Jameel Energy’s FRV achieves financial close for its 10th solar farm in Australia

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- The farm will have a peak power capacity of approximately 300MWac.
- It will boost the local economy by creating up to 250 construction jobs, while increasing investment in local services.
- Walla Walla marks FRV’s 10th solar farm in the country since starting operations in 2013, taking their total portfolio capacity to over 1 GW.

Fotowatio Renewable Ventures Australia, a leading developer of sustainable energy solutions, co-owned by Abdul Latif Jameel Energy and Canadian pension fund and infrastructure investor OMERS, has completed the financial close of the Walla Walla solar farm in New South Wales (NSW), Australia.

Located 4 km Northeast of Walla Walla and approximately 40 km north of Albury in New South Wales, the solar farm will have a peak power capacity of approximately 300MWac.

The project will also contribute to the economic development of the local area with FRV Australia anticipating the creation of up to 250 jobs during the construction phase. The company will also award site maintenance contracts to local businesses.

Fady Jameel, Deputy President and Vice Chairman, Abdul Latif Jameel said:

FRV Australia CEO, Carlo Frigerio said:

Commenting on the project, Australia’s Minister for Climate Change and Energy Chris Bowen said:

Christopher Curtain, Senior Managing Director for the Asia Pacific at OMERS Infrastructure, commented:

Last year, FRV Australia signed a 15-year power purchase agreement (PPA) with Microsoft to provide renewable energy from Walla Walla Solar Farm to its data centres in Australia, once the farm came online. The PPA was instrumental in helping achieve financial close on the Walla Walla Solar Farm, while supporting Microsoft’s goals of achieving 100 percent renewable energy by 2025.

The funding is being provided by ING Bank, the Clean Energy Finance Corporation and Export Development Canada in the form of a green loan, which is compliant with the Loan Market Association’s Green Loan Principles.

FRV Australia has selected Gransolar to carry out the construction of the project in a joint venture with CHINT Solar.

In November 2022, FRV Australia completed the refinancing of another project in NSW, the 56 MWac Moree Solar Farm; and in July, the company refinanced its 100 MWac Lilyvale Solar Farm in Queensland. Earlier this year it was also awarded funding from the Victorian Government to support the Victoria Terang 100 MW battery project and more recently conditional funding from ARENA to support Gnarwarre 250 MW project, also in Victoria.



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Image courtesy of Pranay Jain

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### Abdul Latif Jameel Energy awarded 55 MWac solar project in Armenia

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