New Zealand's South Island to Harness Solar Power and Agriculture in Lodestone's Three PV Parks
- Lodestone Energy secures consent for three solar power plants in New Zealand, combining renewable energy with agriculture for a sustainable future.
Solar developer Lodestone Energy has been granted consent to build three solar power plants in New Zealand's South Island. The Clandeboye, Mount Somers, and Dunsandel plants will combine solar power generation with agricultural activities and are expected to be installed between 2024 and 2026. The photovoltaic arrays will be built under Lodestone Energy's partnership with HES Aotearoa, a joint venture of Hive Energy, Ethical Power, and Solar South West. The projects will be partly financed by a NZD 250 million credit facility from ANZ Bank New Zealand.
The construction of the remaining plants under the initial phase of the programme is set to begin this year, and Lodestone Energy is also exploring additional projects for the second phase in 2024.
What are the plans for Lodestone Energy's solar power plants in New Zealand?
- Lodestone Energy plans to build three solar power plants in New Zealand's South Island: Clandeboye, Mount Somers, and Dunsandel.
- These solar power plants will integrate agricultural activities alongside solar power generation.
- The installation of these plants is expected to take place between 2024 and 2026.
- Lodestone Energy has partnered with HES Aotearoa, a joint venture of Hive Energy, Ethical Power, and Solar South West, to develop these projects.
- ANZ Bank New Zealand has provided a NZD 250 million credit facility to partly finance the construction of these solar power plants.
- Construction for the remaining plants in the initial phase of the programme is scheduled to commence this year.
- Lodestone Energy is actively exploring additional projects for the second phase of the programme, which is planned for 2024.
