Menu
  • Home
  • London Exchange
  • Euronext
  • Australian Exchange
  • Wire
  • Contact Us
  • Business & Finance
NewsnReleases

Meridian Energy to begin construction on $227m solar farm in New Zealand

Posted on March 25, 2025March 25, 2025
solar farm in New Zealand, Meridian Energy ,

WELLINGTON: Meridian Energy has announced plans to begin construction on its first New Zealand solar farm this August, with the $227 million Ruakākā Solar Farm set to boost the nation’s energy system and resilience in the Northland region.

The 130-megawatt solar farm, located south of Whangārei, will feature 250,000 solar panels spread across an area equivalent to 170 rugby fields. Once operational, it is expected to generate up to 230 gigawatt-hours of electricity annually, enough to power approximately half of Northland’s households. The project, approved by the Meridian Board, marks the latest milestone in the company’s renewable energy expansion.

“This project is special. Not just because it’s our first solar farm in New Zealand, but because it will add so much to the Northland region in terms of energy resilience, and we’ve seen in recent years how important that is,” said Meridian Chief Executive Neal Barclay.

Barclay noted that the Ruakākā Solar Farm is part of a larger wave of renewable energy projects aimed at enhancing electricity use, reducing reliance on thermal fuels, and increasing energy security during dry years. He emphasized that these initiatives will ultimately lower wholesale power prices for New Zealand homes and businesses.

Adjacent to the solar farm is the 100MW Ruakākā Battery Energy Storage System, which will become fully operational in April. Together, the solar farm and battery system will complete Meridian’s Ruakākā Energy Park.

Meridian has contracted renewable energy specialist Ethical Power for construction and operations, with initial generation anticipated in late 2026 and full generation by early 2027. Ethical Power brings extensive experience in solar and battery storage projects across the UK, Spain, Italy, and New Zealand.

The Ruakākā Solar Farm announcement follows several recent developments in Meridian’s renewable energy pipeline, including consents for the Mt Munro Wind Farm and a battery energy storage system in Manawatū, as well as a joint venture with Nova Energy Limited to build the Te Rahui Solar Farm near Taupō.

“There is real momentum in our development pipeline,” Barclay said, highlighting Meridian’s $3 billion investment plan through 2030, with $1 billion committed this year alone. “We know we’ve got what it takes to get these projects built and delivering more clean energy for our system and customers across Aotearoa.”

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Track all markets on TradingView

Investing.com .

Site Navigation

  • Home
  • Listed Companies
  • Contact Us
  • London Stock Exchange
  • Singapore Exchange
  • Canadian Exchange
  • Australian Exchange
  • Oslo Bourse
  • PSX
  • Ratings
  • Euronext
  • MENA
  • Nasdaq Nordic
  • Wire
  • Business & Finance
  • Gadget Reviews
  • About Us: A Comprehensive Financial News Database

All news and articles on NewsnReleases are based on press releases, corporate announcements and analysts’ reports issued to London Stock Exchange (LSE), Euronext, Singapore Exchange (SGX), Japan Stock Exchange (JPX), Dubai Financial Market (DFM), Saudi Stock Exchange (Tadawul), Qatar Stock Exchange (QSE), BSEIndia, Australia Stock Exchange etc.

Listed Companies

Equity Markets and Stock Exchanges

NNR

©2025 NewsnReleases | WordPress Theme by Superb WordPress Themes