Lodestone: building a billion-dollar company on sunshine

Lodestone: building a billion-dollar company on sunshine
Solar farms on an unobtrusive scale are resonating well with district councils, says Lodestone. (Image: Lodestone)
Ian Llewellyn
Lodestone Energy is steadily increasing its solar farm portfolio and is on track to become a billion-dollar company with a medium-sized solar array in towns all around New Zealand.The company has two solar farms and recently broke ground near Whitianga, part of its phase one programme, which includes solar farms near Kaitaia, Edgecumbe and Waiotahe.Construction on more sites in Dargaville, Manawatū and Canterbury is expected to start in 2025.Lodestone plans 18 utility-scale solar projects in its phase two and phase three development plans.Manag...

More Energy

TAG Oil sells more NZ assets
Energy

TAG Oil sells more NZ assets

TAG stopped operating in NZ in 2019.

John Anthony 24 Apr 2025
Energy uncertainty and costs banding businesses together
Energy

Energy uncertainty and costs banding businesses together

There is new interest in power purchase agreements.

Ian Llewellyn 24 Apr 2025
Transpower cautious over hydro lake level rule changes
Markets

Transpower cautious over hydro lake level rule changes

Transpower can authorise hydro lakes to dip further.

Ian Llewellyn 23 Apr 2025
Lodestone Energy raises another $50 million
News in Brief

Lodestone Energy raises another $50 million

Unlisted Lodestone Energy says it has raised another $50 million from existing shareholders and new investors to fund more solar farms.This would add to the $50 million development fund it raised in 2024, the company said.“These funds will enable Lodestone to maintain their momen...

Staff reporters 23 Apr 2025