LawFuel.com – Best Law Firm Newswire – The 20MW PV Facility successfully achieved financial close on 30 August 2013 and is expected to be fully operational by mid-2014. Once operational, FRV’s Royalla Solar Farm will be one of the largest Solar PV facilities in Australia to date.
FRV Country Manager (Australia) Andrea Fontana commented on the project: “FRV is delighted with the professional support and dedication to the project’s success that Gilbert + Tobin has shown in assisting us to reach this important milestone in delivery of the project.”
Gilbert + Tobin’s renewable energy experts advised FRV in accordance with the milestones specified in the Deed of Entitlement between FRV and the ACT Government. Gilbert + Tobin’s advisors included partners Chris Flynn, Simon Lynch, Emanuel Confos, Catherine Dermody, Diane Skapinker, special counsel Ben Fuller and lawyer Matt Baumgurtel.
“It has been a pleasure assisting FRV reach this important milestone in Australia’s renewable energy space. This is a landmark deal in that it is the first solar farm in Australia to have been successfully project financed.” said partner, Chris Flynn. “We wish FRV all the best with the Royalla Solar Farm and hope they continue to grow their presence within Australia.”
FRV is a leading global operator specialising in the complete management of solar assets for the generation of electricity using the sun as the source. Since it was founded in 2006, FRV has developed and managed numerous large projects based on photovoltaic and thermosolar technologies while establishing themselves in the US, Australia, Spain, Italy, Brazil, Mexico and South Africa.