Solar farm project pieces come together

Lodestone plans five solar farms across the upper North Island. (Image: Supplied)

Wed, 15 Sep 2021

Plans to build New Zealand’s first major commercial solar farms are falling into place with Lodestone Energy looking to break ground in December and be generating power by mid-2022.Lodestone Energy has now agreed conditional terms for a $150 million debt facility with Westpac, which makes up half of its required funding to build five solar farms in the Far North, Coromandel and Bay of Plenty.Lodestone chief executive Gary Holden said there was a lot of interest from banks in renewable energy projects “but we had to put up a compelli...

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