Applicant
Glorit Solar P LP
Case number(s)
202400450
Decision date
Type
Decision
DecisionConsent granted
Section 12(1)(a) and Section 13(1)(b) Overseas Investment Act 2005
Decision makerToitū Te Whenua Land Information New Zealand
Decision date27 August 2024
PathwaysSensitive land – Benefit test 
Significant Business Assets
Investment

An overseas investment in sensitive New Zealand assets, being:

  • the establishment of a business to develop, construct and operate a solar farm for electricity generation
  • a freehold interest in approximately 253 hectares of land located at 146 Omaumau Road, Glorit, Auckland
  • a leasehold interest in approximately 53 hectares of land at 2791 Kaipara Coast Highway, Glorit, Auckland.
Cost of Commencing BusinessWithheld under section 9(2)(b)(ii) of the Official Information Act 1982
ApplicantGlorit Solar P LP
New Zealand 36%
United Kingdom 31%
United States of America 17%
Various 16%
VendorsW-G Dairies Limited 
New Zealand 100%

Manaia Properties Limited
New Zealand 100% 
Background

The Applicant is ultimately owned by Contact Energy Limited and Lightsource BP Renewable Energy Investments Limited Holdings in equal parts. 

The land is currently used for dairy, beef and sheep farming. The Applicant intends to develop a 180MWp solar farm on the land, consisting of approximately 280,000 solar panels. The solar farm has the capacity to meet the energy needs of 44,000 homes annually.

The main benefits to New Zealand are likely to include capital expenditure, creation of significant contract jobs to develop and construct the solar farm, and advancement of government policy by supporting renewable energy generation objectives. 

Consent was granted to this investment as the Applicant met the investor test criterion and the investment is likely to benefit New Zealand

More informationSusie Kilty
Buddle Findlay (Wellington)
PO Box 2694
WELLINGTON 6140