Hive Energy, Ethical Power and SSW launch new solar energy JV
Published by Bella Weetch,
Editorial Assistant
Energy Global,
Hive Energy, Ethical Power and Solar South West (SSW) have launched a new joint venture (JV) to develop photovoltaic (PV) solar assets across New Zealand, called HES Aotearoa Ltd. The company expects to develop a pipeline of nearly 350 MW of utility-scale PV solar assets across the country.
The three UK-based companies have complementary skills, creating a JV that is fully integrated along the whole value chain of solar development: from site selection to project design, construction and operation and maintenance.
HES Aotearoa intends to support recent commitments from the New Zealand Government, which has pledged to have 100% renewable electricity generation by 2030 and has stopped issuing permits for gas exploration. Research from Transpower in 2017 concluded that New Zealand could accommodate 4 GWp of solar PV without material disruption to the system, with just 140 MWp currently installed.
The JV identified New Zealand’s potential for utility-scale solar developments due to its lack of grid congestion for connections at scale and high solar irradiation. Solar yields within the country are typically 35 - 40% higher than in the South West of the UK. The three UK-based companies believe that the combination of these factors presents a clear business case for launching their new HES Aotearoa JV in New Zealand.
For more news and technical articles from the global renewable industry, read the latest issue of Energy Global magazine.
Energy Global's Summer 2021 issue
The Summer issue of Energy Global features a varied spectrum of in-depth technical articles detailing recent projects, future projections, and technological advancements in the renewables sector, from companies including CEWEP, Enel Green Power, Turboden S.p.A., Cornwall Insight, and more.
Read the article online at: https://www.energyglobal.com/solar/02092021/hive-energy-ethical-power-and-ssw-launch-new-solar-energy-jv/
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