Shoalhaven Solar Farm Pty Ltd is a community / private partnership comprising a 3MWac solar farm (8,000 panels), part-funded by community investors with electricity offered to local businesses via power purchase agreements through Flow Power.
The solar farm location is on Nowra Hill Road, off BTU Road, on land leased from Shoalhaven City Council for 30 years. Capital cost is approximately $5 million. This is Repower Shoalhaven’s eighth, and largest, investment offering.
About Flow Power
Flow Power is a trading name for Kin Power Group Pty Ltd a substantial electricity retailer focussed on the supply renewable energy to public authorities and business. Kin Power Group is the overarching entity which owns the Flow Power retail business and all related assets. Kin Power is jointly owned by institutional investor OPTrust and the original founders of the Flow Power business, including the company CEO Matthew Van Der Linden. OPTrust is the majority owner of Kin Power Group and is a Canadian pension fund with a background in renewables and over $20 billion in total assets.
Established in 2008, Flow Power is an electricity retailer of 100% renewable energy to the commercial, public authority and industrial sectors, with a strong focus on advising customers on energy demand management linked to market spot prices. This is a point of difference to their competitors.
Today, Flow Power supplies renewable energy to some of Australia’s most iconic organisations including, but not limited to, the Sydney Opera House, Westpac, Flinders Port, Snack Brands and the Cities of Sydney, Adelaide & Newcastle.
Statement from Flow Power:
While Flow Power is a private company, the organisation is participating in the SSF project to support Repower Shoalhaven’s ambitions to realise the community-based project and deliver on the benefits to the community, local businesses and community investors.
Flow Power has contributed significant resources in supporting the project to date and will continue to do so through construction and operation. This is driven by a corporate social responsibility undertaking to support the community outcomes driven by Repower Shoalhaven.
Project Status
- The solar has been built and was commissioned in December 2021.
- Solar energy genration from the system has been in line with expectations.
- Repower has completed a capital raising campaign which achieved our target of of $500,000 to partially fund the construction. Flow Power are providing the balance of the construction funding. View presentation / View Offer Information Statement.
- The solar farm was officially opened in November 2021: https://flowpower.com.au/shoalhaven-community-solar-farm-launch-event-november-17th-2021/
Company Documents
Investor Documents
Company Details
Project Details
Location One
Site 1
Shoalhaven City Council land, leased for 30 years
Size
3MWac
Location
Nowra Hill Road, South Nowra, NSW 2541