Anderson Lloyd acts on the sale of ten large solar farms across Aotearoa
Anderson Lloyd Partners Sarah Simmers and Anton Trixl have acted for HES Aotearoa on the sale of ten of its utility scale solar farms.
HES Aotearoa is a joint venture formed by UK renewable energy companies Hive Energy, Ethical Power and Solar South West.
Its Lauriston solar development (63MW capacity) was sold to a joint venture between Genesis Energy and FRV. The solar development is the largest in New Zealand to have achieved financial close, and is poised to generate enough electricity to power almost 13,000 homes. Construction is expected to create more than 50 jobs, and the purchasers plan to continue grazing sheep within the solar farm once it is operational.
Anderson Lloyd have also acted on the sale of another nine of HES Aotearoa’s large scale solar farms, across both the North and South Islands, to Lodestone Energy. Those developments have a combined capacity of approximately 372MW and will produce electricity to power over 70,000 homes. As part of the transaction, Lodestone Energy signed on Ethical Power New Zealand, one of HES Aotearoa’s joint venture parties, as the engineering, procurement, and construction (EPC) partner for the solar developments. The transaction includes three consented sites at Clandeboye, Mount Somers and Dunsandel in Canterbury and South Canterbury that Lodestone Energy recently announced would be included in its phase 2 capital program. The first project is expected to break ground later this year.
The solar farms will contribute significantly to renewable energy capacity in New Zealand, reducing reliance on non-renewable energy sources and helping to manage dry-year risk when hydro levels are low.
Anderson Lloyd is a member of the Climate Leaders Coalition, the Sustainable Business Council, and is Toitū net CarbonZero certified. We are proud to have advised on these important renewables transactions.