Summaries - Australian Financial Review
22 June 2011, Page: 50
Javier Huergo of Fotowatio Renewable Ventures, backed by General Electric and a major partner (along with BP and Pacific Hydro) in the forthcoming Moree solar power project, says his firm envisions a future firmly ensconced in Australia's power generation mix. The firm does not do "one off" projects, he says. The Moree plant was instigated by the federal government's Solar Flagship initiative. The Renewable Energy Certificate system, a mechanism for the funding of such projects, is still in the doldrums following the blowout of various state residential solar panel schemes. The Moree plans are not finalised, with FRV being advised by Investec Bank in the matter.
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