Lauriston Solar Farm is a 63-megawatt solar farm located in Lauriston on the Canterbury Plains, 60 kilometres southwest of Christchurch.
The solar farm will consist of approximately 89,880 solar panels across the 90-hectare site.
Key Dates
| Feb 2023 | Land purchase |
| Dec 2023 | Financial Close |
| Apr 2024 | Construction Commencement |
| Dec 2024 | Expected Construction Completion |
Financing
| Equity Finance: | Genesis |
| Debt Finance: | Bank of New Zealand and MUFG Bank |
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The development will be project financed by the Bank of New Zealand and MUFG Bank, funding approximately 60 per cent of total project costs, with Genesis providing approximately NZ$13 million - or 40 per cent - in equity. |
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Procurement
| Successful Tenderer: | Beon Energy Solutions - engineering, procurement, construction (EPC) |
| Related contracts: |
PROJECT HISTORY
| Feb 2023 | Genesis Energy and FRV Australia announced that they had secured a fully consented, large scale solar site near Lauriston on the Canterbury Plains for use for the solar farm. |
| Dec 2023 | Genesis Energy confirmed that financial close had been achieved for the Lauriston Solar Farm. |
| Apr 2024 | Genesis Energy announced that construction has commenced on the Lauriston Solar Farm. |
| May 2024 | Genesis Energy announced they had signed a Power Purchase Agreement (PPA) with Spark New Zealand. The PPA is for a 10-year period and will see all electricity generated from the solar farm purchased by Spark. The agreement will commence in January 2025. |
Estimated Total Cost
(2024)
Sector
Energy
Procurement approach
Traditional Procurement |
Location
New Zealand |
Resources
