HES Aotearoa (HESA), a joint venture formed by Hive Energy, Ethical Power, and Solar South West, announces nine solar farm development partnership with leading solar energy generation company, Lodestone Energy. Once constructed, the HESA sites will represent more than 500 GWh in additional solar generation for Aotearoa.
As part of the HESA arrangement, Lodestone has signed on Ethical Power New Zealand as the engineering, procurement, and construction (EPC) partner for the solar developments in the partnership. Ethical Power, part of the Hive Energy group, will assume responsibility for the design, construction, and delivery of these nine solar farms, bolstering the company’s and country’s commitment to a sustainable and clean energy future.
The solar farms will contribute significantly to renewable energy capacity in New Zealand. To put it into perspective, the combined portfolio’s capacity of approximately 372 MW will produce enough electricity to power approximately 70,000 homes.
Once built, this substantial addition to the country’s renewable energy infrastructure will contribute to reducing reliance on fossil fuels, increasing New Zealand’s energy independence, and improving resilience in electricity networks. Ultimately, the renewable energy projects are driving the nation’s efforts towards a greener and more sustainable future for all.
Giles Redpath, CEO of Hive Energy, commented, “This agreement with Lodestone highlights the fantastic partnership we have operating in the region. Together with Ethical Power and Solar South West, we will be responsible for developing around 370 MW of PV capacity, which is more than all existing solar developments currently installed across the country. I am proud that Hive is part of the team supporting New Zealand’s solar adoption as well as moulding a cleaner future for our planet.”
“HES Aotearoa is delighted to be working with the team at Lodestone to accelerate these exciting projects through to construction and long-term operation” says Nick Keeler, founding Director at HES Aotearoa.
As the EPC contractor, Ethical Power New Zealand will play an integral role in the delivery of these new solar developments. “We are proud to partner with a company that aligns so closely with our vision of building a sustainable future for New Zealand,” says Matt Rowe, Managing Director of Ethical Power New Zealand.
Gary Holden, Managing Director of Lodestone Energy, says, “Through new capital partnerships, including a $250 million debt facility from ANZ, Lodestone will have the funding to support the development of significant growth of solar generation. The expansion puts us one step closer to bringing grid-scale solar to customers in all regions of Aotearoa New Zealand.”
“As we enter this next chapter, we look forward to continuing to engage with our new landowner partners while we empower new regions around the country,” adds Daniel Cunningham, GM Development of Lodestone Energy.