NZGIF gives Lodestone Energy letter of credit for Transpower connection to solar farm

Wed, 26 Jul 2023

New Zealand Green Investment Finance is providing Lodestone Energy with a letter of credit which Transpower requires to connect the company’s third solar farm to the grid.The letter is part of an up to $15 million package in working capital NZ Green Investment Finance (NZGIF) is lending to Lodestone for its solar farms and would only be drawn on if needed.The Waiotahe site near Opōtiki is the third in a series of five wind farms planned or under construction by Lodestone. The company earlier stated that the Waiotahe plant would have 85,00...

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