New Zealand

New Zealand generation company Lodestone Energy has commenced early construction works on the first of five utility-scale solar farms it intends to develop across the nation’s upper North Island at a cost of $285.5 million (USD 191.5 million).

A new player has entered the Australian renewable energy sector with New Zealand-based infrastructure investor Infratil confirming that its new majority-owned clean energy platform Mint Renewables will look at wind, solar and energy storage opportunities with an initial investment of $300 million (USD 203 million).

Woodside has won out over Fortescue Future Industries to deliver the proposed Southern Green Hydrogen megaproject in New Zealand’s Southland. The 600 MW project intends to produce green hydrogen for export using power from partner Meridian Energy’s hydroelectric plant.

New Zealand’s solarZero says it aims to provide fast, sustained reserves with its virtual power plant of 10,000 household battery systems. Meridian Energy, meanwhile, has secured approval for a 100 MW battery energy storage system – the country’s largest such system to date.

British renewable energy firm Harmony Energy’s plan to develop a 147 MW solar farm on the North Island of New Zealand has been fast tracked with the country seeking to accelerate the roll out of renewable energy generation projects as it strives to reach net zero by 2050.

New Zealand’s large-scale solar PV market is poised for a momentous shift with energy company Todd Generation pursuing plans to establish a 400 MW solar farm at Rangitāiki on the North Island.

American investment behemoth BlackRock has agreed to acquire New Zealand rooftop solar PV and battery energy storage specialist SolarZero as part of its push into renewable energy in the Asia Pacific region.

Fortescue Future Industries and Woodside have been selected as the two finalists in the race to develop what could be one of the world’s largest green hydrogen projects, a 600 MW facility in New Zealand’s Southland.

Lake Onslow, New Zealand, could become home to one of the world’s largest pumped-hydro storage facilities. A local consortium is now conducting a feasibility study and is investigating possible system designs and precise locations.

New Zealand’s government this week unveiled its plan to cut emissions and fund the clean energy transition, featuring policies like a ‘scrap and replace’ scheme to incentivise electric vehicles and funding for electrifying industry. The NZ$2.9 billion (AU$2.6 billion) plan has received mixed reviews, with Greenpeace saying it has overlooked the country’s most glaring problem.