Lodestone Energy expands its solar capacity with two new acquisitions

Lodestone Energy, New Zealand’s leading solar power company, has strengthened its market position by acquiring two strategic solar sites in the Manawatu region from Kiwi Solar.
These new sites add 54 MWp of production capacity, bringing Lodestone’s total capacity to an even more competitive level in the New Zealand solar sector.
With this acquisition, the company expects to generate around 84 GWh of electricity per year, enough to power almost 11,700 homes, making a significant contribution to the country’s renewable energy targets.
The sites acquired are at an advanced stage of connection to the distribution network managed by Powerco, facilitating rapid integration into the existing infrastructure.
This integration is essential to ensure stable and efficient power generation.
Lodestone plans to start construction of the first site as early as mid-2025, a key milestone that demonstrates the company’s commitment to accelerating its expansion and maximizing the efficiency of its energy portfolio.
This strategic acquisition is in line with Lodestone’s long-term vision of becoming a key leader in New Zealand’s energy transition.

Integration into existing portfolio

These new sites are in addition to a third project already approved in the same region, creating synergy with Lodestone’s other assets.
The company is pursuing its strategy of geographic diversification to better meet the needs of the New Zealand energy market.
This approach enables Lodestone to stabilize its supply and better manage fluctuations in demand.
At the same time, Lodestone continues to develop other projects across the country, with construction underway at Waiotahe and Whitianga.
These developments reinforce the company’s ability to provide continuous, reliable solar production.