Genesis closes finance deal on new solar farm

Genesis is going solar. (Image: NZME)

Fri, 22 Dec 2023

Genesis Energy confirms it has finalised the financing of its first solar farm.The solar farm – to be built in Lauriston, Canterbury, with joint venture partner FRV Australia – is now expected to have a peak generating capacity of 63 megawatts.The expected construction cost of the project will be $104 million, with the Bank of New Zealand and MUFG Bank funding approximately 70% of total project costs.Engineering, procurement and construction will be provided through a wrapped contract by Beon Energy Solutions, a subsidiary of V...

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