Meridian and Nova Secure $177 Million for Solar Project in New Zealand

The project is scheduled for commercial operation in mid-2027

September 1, 2025

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Meridian Energy, a New Zealand-based power company, and Nova Energy, a Wellington-based energy company, secured NZ$300 million (~$177 million) in project financing for the first 200 MW phase of the Te Rahui solar project located at Rangitāiki near Taupō, New Zealand.

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