Refining NZ plans country's biggest solar farm

Sun, 07 Jul 2019

By Gavin Evans July 8 (BusinessDesk) - Refining NZ is considering installing a 26-megawatt solar electricity generation array alongside the Marsden Point oil refinery. The proposed project would cover 31 hectares of company-owned land and is expected to cost $36-to-$39 million. If it proceeds, the project would be funded with up to $15 million of equity from the company and non-recourse project debt. Chairman Simon Allen said advancing the project is contingent on the refinery’s board being satisfied the project is economica...

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