Abdul Latif Jameel Energy’s Aussie solar farm is up and running: The Metz solar farm in Australia’s New South Wales — which is owned by the Australian arm of Saudi-owned renewable energy project developer Fotowatio Renewable Ventures (FRV) — is now running at full capacity, according to an FRV statement published yesterday. The farm has an output of 115 MW, which is enough to meet the energy needs of up to 40k households, the company said. Phase one of the facility launched in March.

Background: In 2020 FRV completed the acquisition of the solar power project, under which a power purchase agreement was signed in 2018 with Australian electricity generation company Snowy Hydro. The project was funded through a green loan provided by Westpac and NORD/LB, though the statement didn’t disclose how much was invested.

About FRV: FRV is owned by Saudi Arabia’s Abdul Latif Jameel Energy and Environmental Services, a leading solar PV developer. In late-2021, FRV sold a 49% stake in its Australian arm to Canadian pension fund Omers Infrastructure.