A new solar farm near Christchurch set to power 13,000 homes is officially under construction, as Genesis Energy ramps up its renewable energy efforts with the help of a Saudi Arabian investment firm and Canadian pension fund.
The 63 megawatt farm on a 93-hectare site in Lauriston on the Canterbury Plains is the first project in a joint venture between majority Government-owned Genesis and FRV Australia.
FRV is 51 per cent owned by Abdul Lateef Jameel Energy, a division of the Jeddah-based investment company, and 49 per cent owned by the Canadian pension fund and infrastructure investor Ontario Municipal Employees Retirement System (OMERS).
“We are excited by the opportunity to invest in the New Zealand energy sector, alongside Genesis, a like-minded partner, and advance our collective efforts to facilitate a shift to greener and more sustainable infrastructure,” OMERS head of Asia Pacific Christopher Curtain said in an emailed update about the project.
