Lightyears Secures Infradebt Deal for Solar Expansion

• Lightyears secures refinancing with Infradebt to power up 27 MW of community-scale solar farms, boosting sustainable energy in New Zealand.

New Zealand-based solar developer Lightyears has successfully secured a refinancing agreement with Australian infrastructure fund manager Infradebt. This deal aims to bolster the expansion of Lightyears' community-scale solar farm portfolio.

The refinancing will support the development of solar farms totaling 27 MW across five different sites. This strategic move is expected to enhance Lightyears' capacity to deliver sustainable energy solutions in New Zealand.

How Will Lightyears' Refinancing with Infradebt Impact New Zealand's Solar Energy Expansion?

• Increased Financial Stability: The refinancing agreement with Infradebt provides Lightyears with the necessary capital to stabilize and expand its operations, ensuring long-term financial health and the ability to undertake larger projects.
• Accelerated Project Development: With the new funds, Lightyears can expedite the construction and commissioning of solar farms, reducing the time from planning to operation and increasing the speed at which solar energy capacity is added to New Zealand's grid.
• Enhanced Technological Investment: The additional financial resources may allow Lightyears to invest in advanced solar technologies, improving the efficiency and output of their solar farms, and potentially lowering the cost of solar energy production.
• Job Creation and Economic Growth: The expansion of solar farms is likely to create new jobs in construction, maintenance, and operations, contributing to local economies and supporting New Zealand's green energy sector.
• Increased Renewable Energy Capacity: By adding 27 MW of solar energy, Lightyears will significantly contribute to New Zealand's renewable energy targets, helping to reduce reliance on fossil fuels and lower carbon emissions.
• Community Engagement and Benefits: The focus on community-scale solar farms means that local communities may benefit directly from the projects, through initiatives such as community ownership models or local energy discounts.
• Strengthened Market Position: The partnership with Infradebt could enhance Lightyears' reputation and market position, attracting further investment and partnerships in the renewable energy sector.
• Support for National Energy Goals: This expansion aligns with New Zealand's national goals for increasing renewable energy sources, supporting the country's commitment to sustainability and climate change mitigation.