Eastland Generation to get $25m loan from crown-owned NZ Green Investment Finance

Eastland Generation will get a multimillion-dollar loan from crown-owned NZGIF. (Image: Eastland Generation)

Wed, 30 Aug 2023

New Zealand Green Investment Finance is loaning $25 million to Eastland Generation to help build a new geothermal plant near Kawerau and upgrade an older one there, too.In a press release, the crown-owned green investment bank said the loan would be used to help build infrastructure and equipment to connect the planned 50 megawatts (MW) TOPP2 geothermal plant to the grid and upgrade connection assets at the existing 25MW Te Ahi O Maui geothermal plant.NZ Green Investment Finance (NZGIF) chief investment officer Jason Patrick...

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