| Decision | Consent granted Section 13(1)(b) Overseas Investment Act 2005 |
|---|---|
| Decision date | 20 August 2012 |
| Investment | An overseas investment in significant business assets, being the establishment of a business in New Zealand by the Applicant where the total expenditure required before commencing business exceeds $100m. |
| Cost of Commencing Business | $110,000,000 |
| Applicant | Goldwind International Holdings (HK) Limited, The Proprietors of Taharoa C Block and Taharoa Wind Energy Limited The Proprietors of Taharoa C Block, New Zealand (50.0%) Various overseas persons (24.22%) Chinese Government, China, People's Republic of (15.26%) Hong Kong Interbank Clearing Limited, Hong Kong (SAR) (9.245%) Belgium Public (1.275%) |
| Background | The Applicants will establish a wind farm at Taharoa, near Kawhia Harbour, to generate electricity to sell into the national grid. The overseas investment transaction has satisfied the criteria in section 18 of the Overseas Investment Act 2005. |
| More information | Graeme Crombie Minter Ellison Rudd Watts PO Box 2793 WELLINGTON |