Source: Press Release Service
Headline: Meridian and Nova finalise joint venture and financing for Te Rahui solar farm
Meridian Energy and Nova Energy have formed a 50-50 joint venture to build and operate the 400MW Te Rahui solar farm near Taupō, with $300 million in financing secured from ANZ for the first 200MW phase. Phase one is expected to deliver power from mid-2026 and, once fully complete in 2027, the project will supply enough renewable electricity for around 100,000 homes, strengthening New Zealand’s energy security and supporting its transition to a more resilient, affordable grid.
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