$2b solar farm project aims to generate 15% of daytime electricity

$2b solar farm project aims to generate 15% of daytime electricity
A rendition of FNSF's first solar farm now under construction in Northland. (Image: Far North Solar Farm)
Greg Hurrell
Far North Solar Farm is pushing ahead with its approximately $2 billion multi-site developments planned to generate a total of 1.4 gigawatts of peak electricity.The solar farm developer said that represented around 15% of the current peak daytime electricity demand.It had secured debt financing through Westpac to build the first four solar farms with an expected capacity of 180 megawatts (MW).The company was holding off on large supply contracts to avoid penalty clauses and said it was in a fortunate position to be able to do that.It has been a...

More Energy

Contact Energy expands global investor base
Markets

Contact Energy expands global investor base

Contact Energy priced an inaugural €500 million (NZ$1.01b) 7-year senior bond under its Euro Medium Term Note (EMTN) Programme, it said Friday.“This marks a milestone in Contact’s funding strategy, expanding our global investor base and reinforcing our commitment to sustainable f...

Rebecca Howard 24 Oct 2025
Kominik resigns from Electricity Authority, will start review
News in Brief

Kominik resigns from Electricity Authority, will start review

Electricity Authority chair Anna Kominik has announced her resignation but will stay in the job until her successor is found.Energy Minister Simon Watts said Kominik will also start a board-led organisational review of the authority.The announcement follows the Government's r...

Ian Llewellyn 22 Oct 2025
Bioenergy policy points to obstacles to reach scale
Primary Sector

Bioenergy policy points to obstacles to reach scale

Wood energy could replace around 40% of fossil-fuelled process heat by 2050.

Ian Llewellyn 22 Oct 2025
Meridian thinking big after Crown's offer to co-invest
Markets

Meridian thinking big after Crown's offer to co-invest

Govt pledge the biggest change to investment settings since listing in 2013.

Ian Llewellyn 21 Oct 2025