Decision | Consent granted |
|---|---|
Decision Maker | The Minister for Land Information and the Associate Minister of Finance |
Decision Date | 3 April 2024 |
Pathway | Sensitive land - Farm land benefit test and Significant Business Assets |
Investment | Acquisition of a leasehold interest in approximately 973.4790 hectares of land at The Point, near Ohau C Power Station |
Consideration | Withheld under s.9(2)(b)(ii) of the Official Information Act 1982 |
Applicant | Aquila Capital Holding GmbH Far North Solar Farm Limited |
Lessor | Douglas Robert McIntyre and Waitaki Trustees (Golden Acres) Limited as trustees of the Golden Acres Trust |
Background | The Applicants are a joint venture whose business is the construction, development, and operation of several solar photovoltaic farms in New Zealand. They are acquiring the land to develop a solar farm with an anticipated installed capacity of 420 MWp, which is enough to power approximately 93,651 homes a year, by 2028. The main benefits to New Zealand are capital expenditure on the solar farm, creation of jobs, better energy security, and alignment with government policy. Consent was granted as the Applicants have met the investor test criterion and the investment is likely to benefit New Zealand. |
More information | Pavanie Edirisuriya |
This assessment report was published as part of an Official Information Act request:
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