Investing In The Future
Harnessing the power of the sun and embracing a cleaner, brighter Aotearoa New Zealand.
Transpower New Zealand has predicted that as the New Zealand economy electrifies in pursuit of cost-efficient and sustainable energy sources, electricity demand is likely to more than double over the next 30 years, posing significant risks to New Zealand’s energy system. Furthermore, the New Zealand Ministry of Business, Innovation and Employment estimates there is approximately 14,700 MW of potential additional capacity for energy use– providing ample scope for investment opportunities across the clean-energy value chain.
As NZTE claimed, abundant natural resources, world-class technologies and a national ethos of sustainability all provide strong tailwinds for investment in New Zealand’s renewable energies. There are strong levels of public and government support for the sector.
New Zealand has set ambitious goals to reduce its greenhouse gas emissions and transition to a low-carbon economy by decommissioning its remaining coal and gas-fired power stations by 2030. Consequently large scale renewable energy generation sources will be required to meet the growing demand in the future.
Improvements in global solar generation technology, storage solutions and declining capital costs are are likely to make solar solutions even more attractive and accessible. This drives increased interest in New Zealand from local and international solar farm developers, leading to a significant increase in the use of solar energy in the country.
Key Metrics
Emissions released
Solar farms do not produce air pollution or greenhouse gases when operating. Solar has no emissions. It just silently generate pure, clean energy.
In 1 year
The first 5MW farm is expected to be operational and Grid Connected in Q4 2023.
In 3 years
Building a pipeline of development opportunities for approximately 50MW capacity farms across New Zealand.
In 5 years
Has a plan to develop up to 200MW of solar capacity over the next five years.
