Purpose Capital syndicate ups total Lodestone investment to $17.4m

Purpose Capital syndicate ups total Lodestone investment to $17.4m
Sheep can safely graze at Lodestone Energy's Kaitaia solar farm. (Image: Lodestone Energy)
Greg Hurrell
Purpose Capital is investing heavily in solar power but that isn’t stopping its founder and executive director Bill Murphy from calling for stronger action on addressing climate change.He told BusinessDesk that New Zealand couldn’t build enough solar power to keep us living as we do.A syndicate led by Purpose Capital has invested an additional $7.4 million into Lodestone Energy, bringing its total investment in the solar power generator to $17.4m. The investment marks the completion of a series C capital raise of $55m for...

More Energy

What will ministers tell electricity bosses?
Policy Analysis

What will ministers tell electricity bosses?

The urge for electricity market reform is strong, but needs to solve the right problems.

Pattrick Smellie 11 Sep 2025
Watts to challenge gentailers on 2026 'energy security'
Energy

Watts to challenge gentailers on 2026 'energy security'

Minister for Energy Simon Watts spoke at the Climate Change & Business Conference.

Pattrick Smellie 10 Sep 2025
Transpower to spend $1.1b on Cook Strait link upgrade
Infrastructure

Transpower to spend $1.1b on Cook Strait link upgrade

Transpower plans to spend $1.1 billion on upgrading the electricity link between the North and South Islands.The state-owned power grid operator said it had applied to the Commerce Commission for approval to invest in the High Voltage Direct Current (HVDC) link.The proposal inclu...

Staff reporters 09 Sep 2025
Govt seeks list of 20 businesses to get off gas
Energy Exclusive

Govt seeks list of 20 businesses to get off gas

As supply crunch continues, Simon Watts says: 'All options are on the table.'

Dileepa Fonseka 08 Sep 2025