Fotowatio Renewable Ventures (FRV), part of Saudi Arabia’s Abdul Latif Jameel, has sold its solar farm in Australia.
The company sold its 125 megawatt Clare solar farm in northern Queensland to a fund management consortium including Melbourne-based Lighthouse Infrastructure and Dutch firm DIF.
“As the largest solar developer in Australia, we have a significant pipeline of projects in different phases of execution. We aim to continue investing in new projects in the country,” a company spokesman said.
The US$200 million solar photovoltaic (PV) plant is currently under construction after ALJ Energy secured financial close in January. It is the first plant in the country to obtain funding without a government subsidy, though ALJ Energy declined to give figures.
The project, expected to be completed later this year will power over 40,000 homes in the area.
“This shows the growing strength and competitiveness of solar power, and we’re determined to continue pushing the boundaries of renewable technologies in Australia and around the world,” said Roberto de Diego Arozamena, chief executive of Abdul Latif Jameel Energy.
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How tumultuous protests grew
- A fuel tax protest by French drivers appealed to wider anti-government sentiment
- Unlike previous French demonstrations there was no trade union or organised movement involved
- Demonstrators responded to online petitions and flooded squares to block traffic
- At its height there were almost 300,000 on the streets in support
- Named after the high visibility jackets that drivers must keep in cars
- Clashes soon turned violent as thousands fought with police at cordons
- An estimated two dozen people lost eyes and many others were admitted to hospital
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THE SIXTH SENSE
Starring: Bruce Willis, Toni Collette, Hayley Joel Osment
Director: M. Night Shyamalan
Rating: 5/5
ASHES SCHEDULE
First Test
November 23-27 (The Gabba, Brisbane)
Second Test
December 2-6 (Adelaide Oval, Adelaide)
Third Test
December 14-18 (Waca Ground, Perth)
Fourth Test
December 26-30 (Melbourne Cricket Ground, Melbourne)
Fifth Test
January 4-8, 2018 (Sydney Cricket Ground, Sydney)
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The specs: 2018 Nissan Patrol Nismo
Price: base / as tested: Dh382,000
Engine: 5.6-litre V8
Gearbox: Seven-speed automatic
Power: 428hp @ 5,800rpm
Torque: 560Nm @ 3,600rpm
Fuel economy, combined: 12.7L / 100km
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TRAP
Starring: Josh Hartnett, Saleka Shyamalan, Ariel Donaghue
Director: M Night Shyamalan
Rating: 3/5
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21 Lessons for the 21st Century
Yuval Noah Harari, Jonathan Cape