Purpose Capital syndicate ups total Lodestone investment to $17.4m

Sheep can safely graze at Lodestone Energy's Kaitaia solar farm. (Image: Lodestone Energy)

Wed, 10 Apr 2024

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...

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