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Dutch Fund acquires Royalla Solar Farm

DIF Infrastructure IV is pleased to announce the acquisition of 100% of the 20 MW Royalla solar photovoltaic power plant from Fotowatio Renewable Ventures (‘FRV’).

Developed by FRV, Royalla was the first project to be completed under the innovative reverse auction program launched by the ACT government. The utility-scale solar power project is located in the Australian Capital Territory (ACT) and covers 50 hectares of land.

It was the largest solar PV power project in Australia when it started operating in September 2014.

The project is powered by 83,600 solar panels, providing enough power for 4,500 homes, and is the first large-scale solar power plant to be connected to Australia’s national electricity grid.

The ACT will buy the electricity and the Large Scale Green Certificates generated by Royalla for 20 years at a fixed price of AUD186/MWh. It is expected to abate 800,000 tonnes of greenhouse gas emissions over its lifetime.

Marko Kremer, Head of DIF Australia said, “Royalla was an obvious choice as DIF’s first investment in Australia because it is a high quality solar PV power project that will generate long-term cash flows and stable returns,”


DIF Profile

DIF (www.dif.eu) is a leading independent fund management company with approximately €3.2 billion under management. Through five investment funds, DIF invests in high-quality infrastructure assets that generate long-term, stable cash-flows, including Public Private Partnership projects (PPP/PFI/P3), renewable energy projects and other core infrastructure projects in Europe, North America and Australia.

DIF has a team of over 50 professionals located across its offices in Amsterdam (Schiphol), Paris, Frankfurt, London, Madrid, Toronto, Sydney and Luxembourg. DIF has invested in and manages more than 130 infrastructure and renewable energy projects, with a total asset value of more than €20 billion.

Source: DIF

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