Asset manager Blueshore takes on 20MW Royalla solar farm in ACT

Australian asset management company Blueshore has been announced as the new asset manager for the 20MW Royalla Solar Farm, bringing the total capacity under Blueshore management to over 600MW.

The Royalla Solar Farm, located 23kms south of Canberra,  was the first utility-scale solar farm to connect to Australia’s National Electricity Market in 2014,  Since Royalla was commissioned, more than 50 large-scale solar farms with around 4GW of capacity have been built.

The Royalla Solar Farm was developed by Spanish renewable energy developer Fotowatio Renewable Ventures (FRV) and was a beneficiary of the 2012 ACT solar feed-in tariff auction, part of the capital’s shift towards 100% renewables.

Blueshore, founded in 2017 and based in Sydney, will take over managing the Royalla Solar Farm, providing technical, commercial, and financial management services, which is now owned by DIF.

“Our recent appointment by DIF, with its international and local reputation as a leading investor in the renewable energy sector, gives further validation to the work the Blueshore’s team are doing in driving professional management and optimisation of renewable energy assets across Australia,” said managing director Mike Rand.

Blueshore was ranked as the largest independent asset manager within the Australian solar energy sector, and the fourth largest asset manager overall.

Blueshore now provides asset management services to over 600MW projects for clients including Australian power companies Genex Power and New Energy Solar.