Lodestone Energy Limited is a New Zealand electricity generation and retail company that specialises in the construction and operation of photovoltaic power stations. As of August 2026, it operates five solar farms, with one more under construction.
History In May 2021, the company announced plans for five solar power stations, capable of generating one percent of New Zealand's power. In June 2022, it completed a $300 million capital raise to fund its initial projects. Investors in the company included Rod Drury, Sam Morgan, and Stephen Tindall.
In July 2023, Lodestone Energy was granted a NZ$15 million working capital facility by Green Investment Finance to fund its solar farm developments. In October 2023, it announced a partnership with British joint venture HES Aotearoa to develop a further nine solar farms. In January 2024, the company announced plans to build three solar farms in Canterbury as part of the partnership. In April 2024, it completed a $55 million capital raise to fund further expansion.
Construction of the company's first solar farm, Kohirā, began in early 2023 and was completed in February 2024. In September 2023, Lodestone Energy signed a long-term supply contract with The Warehouse Group to supply their retail stores with electricity. In August 2024 the company announced it had acquired sites for two new solar farms in the Manawatu from Kiwi Solar, and that it planned a third.
In April 2025 the company entered the electricity retail market, focusing on commercial and industrial customers.
In September 2026 the company announced that it was seeking to raise $75-100 million via an initial public offering, and would list on the NZX.
Power stations
Operational Name Type Location Capacity (MW) Annual generation (average GWh) Commissioned Clandeboye Solar Clandeboye, Canterbury 28 43 2026 Kohirā Solar Kaitaia, Northland 32 55 2024 Pāmu Rā ki Whitianga solar farm Solar Whitianga, Waikato 32 49 2025 Rangitaiki Solar Edgecumbe, Bay of Plenty 32 54 2024 Te Herenga o Te Rā Solar Waiotahe, Bay of Plenty 42 69 2025
Proposed / under construction Name Type Location Projected capacity (MW) StatusBunnythorpe Solar Bunnythorpe, Manawatu 26 Proposed Central Hawke's Bay Solar Ongaonga, Hawke's Bay 31.5 Under construction Dunsandel Solar Dunsandel, Canterbury Consented Haldon Solar Mackenzie District 220 ProposedKairanga Solar Palmerston North, Manawatu 27 Proposed Lodestone One Solar Dargaville, Northland 60 Proposed Mount Somers Solar Mount Somers, Canterbury Consented
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