Genesis, FRV Launch New Zealand's Largest Solar Farm

• Genesis Energy and FRV unveil New Zealand's largest solar farm, Lauriston, set to power 13,000 homes and drive future solar innovations.

Genesis Energy Ltd and Fotowatio Renewable Ventures (FRV) have commissioned New Zealand's largest solar farm, the 63-MW Lauriston solar park, located near Christchurch. The NZD 104 million project spans 93 hectares and is expected to produce up to 100 GWh annually, powering nearly 13,000 homes. The electricity generated is secured under a 10-year power purchase agreement with Genesis Energy.

The joint venture, established in 2021, aims to develop 500 MW of solar projects in New Zealand. Genesis Energy plans to apply insights from Lauriston to future projects, including the Leeston site, anticipated to begin operations in 2027.

What are the future plans of Genesis Energy and FRV after Lauriston solar park?

• Genesis Energy and FRV plan to continue their joint venture to develop a total of 500 MW of solar projects across New Zealand.
• Genesis Energy intends to leverage the experience and insights gained from the Lauriston solar park to optimize future solar projects.
• The next project in line is the Leeston solar site, which is expected to commence operations in 2027.
• Both companies are exploring additional locations for potential solar developments to meet their 500 MW target.
• Genesis Energy is focusing on integrating more renewable energy sources into its portfolio to support New Zealand's transition to a low-carbon economy.
• FRV is looking to expand its presence in the Asia-Pacific region, using the success of the Lauriston project as a model for future developments.
• The partnership aims to contribute significantly to New Zealand's renewable energy goals and reduce reliance on fossil fuels.