Nova secured resource consent for Te Rahui in April 2024. Phase one is slated to begin commercial operations in mid-2026 and reach full capacity by mid-2027. A final investment decision on the 200MW second stage is pending, though both parties aim to advance it quickly. The parties awarded construction, operations and maintenance (O&M) contracts to Beon Energy.
Calling the joint venture a “real win-win,” Meridian CEO Mike Roan said: “Te Rahui is a big undertaking and sharing the investment and offtake makes strong commercial sense for both parties, while the project will also benefit home and business customers by further strengthening security of supply.”
In December 2024, Meridian Energy and Nova Energy announced a 50-50 joint venture to build and operate the 400MW solar PV plant. At the time of announcement, the project, requiring NZ$660 million (US$370 million) in investment, ranked among the country’s…
