Genesis adds 127MWp solar PV project to portfolio in New Zealand

Facebook
Twitter
LinkedIn
Reddit
Email
Genesis Energy will secure the project via an agreement with New Zealand-based developer Helios Energy. Image: Ethical Power.

New Zealand power company Genesis Energy has added a 127MWp solar PV project to its portfolio, with the goal of securing 500MW of grid-scale solar by 2028.

Revealed on Wednesday (14 August), the asset will be located near Edgecumbe in the Bay of Plenty and is expected to start generating electricity in 2026. Genesis Energy will secure the project via an agreement with New Zealand-based developer Helios Energy, which will go through in Q2 2025.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

The final Investment Decision (FID) will determine if it is developed on the balance sheet or through another structure. FID is expected in 2025.

The 207-hectare site will comprise 220,000 solar modules and generate around 230GWh of renewable electricity annually. It is also worth noting that Helios has deemed the Edgecumbe region a suitable location for a “high-quality solar project”, as the Whakatāne District regularly tops the list of Aotearoa’s sunniest areas.

Genesis Energy’s chief wholesale officer, Tracey Hickman, said the acquisition is a step in the company’s delivery of its strategy to build 500MW of grid-scale solar by the 2028 financial year.

“We’re delivering strategy through a combination of joint venture, balance sheet finance and power purchase agreements.” Hickman said. “With a large and diverse customer base Genesis can take opportunities for new renewables and deliver them to market quickly, while we continue to explore other sites and possibilities.”

The Edgcumbe project is the second Gensis has acquired, following the 63MWp site at Lauriston on the Canterbury Plains, which was acquired in November 2023 as part of Genesis’ joint venture with FRV Australia.

The Lauriston site is currently under construction and is on track for the first-generation later in 2024. Additionally, Genesis has other greenfield solar projects in the development pipeline.

Read Next

September 10, 2025
Voltalia is seeking compensation for the ongoing curtailment of its Brazilian solar and wind fleet, which has exceeded expectations this year.
September 10, 2025
The CEFC has said that a coordinated approach to transmission in Pilbara, Western Australia, could save more than AU$30 billion over 25 years.
September 9, 2025
US solar tracker manufacturer Nextracker has acquired Origami Solar, a steel frame technology-focused company, for approximately US$53 million. 
September 9, 2025
Australia's National Electricity Market (NEM) broke records yesterday when renewables supplied 76.4% of total electricity demand, with solar power contributing nearly 60% of the record-breaking clean energy mix.
September 8, 2025
Euclid Power has raised US$20 million Series A round led by Venrock to develop AI-driven platform and services for renewables. 
September 8, 2025
Elmya Energy and Atlantica have formed a joint venture to develop 4GW of utility-scale renewable energy projects in the US. 

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK
Solar Media Events
October 7, 2025
Manila, Philippines