Lodestone Energys Strategic Capital Raise Fuels Solar Expansion

Highlights:

• Lodestone Energy Ltd is raising capital to support its ambitious expansion of solar farms, targeting a billion-dollar valuation in New Zealand's renewable energy sector.
• The company has recently broken ground on a new solar farm near Whitianga, part of its phase one development, which includes additional sites in Kaitaia, Edgecumbe, and Waiotahe.
• Future plans include initiating construction on 18 utility-scale solar projects across Dargaville, Manawatū, and Canterbury, with construction expected to begin in 2025.

At the time of writing, Lodestone Energy Ltd is making significant strides in the renewable energy sector, focusing on expanding its solar farm portfolio. The company is on a growth trajectory, aiming to become a billion-dollar entity with a robust pipeline of medium-sized solar arrays across New Zealand.

To support its ambitious plans, Lodestone is actively raising capital to fund the development of its solar projects. Currently, the company operates two solar farms and has recently commenced construction on a new site near Whitianga. This marks the beginning of its phase one program, which also includes upcoming solar farms in Kaitaia, Edgecumbe, and Waiotahe.

Looking ahead, Lodestone Energy has plans to initiate construction on additional sites in Dargaville, Manawatū, and Canterbury, projected to start in 2025. The company's vision extends to 18 utility-scale solar projects in its future phases of development.

This capital raise is crucial for Lodestone as it seeks to finance its extensive growth strategy. By enhancing its solar farm capabilities, the company is positioning itself as a leader in the renewable energy landscape, aligning with New Zealand’s commitment to sustainable energy solutions. As Lodestone continues to secure funding and expand its infrastructure, it remains on track to revolutionize the solar energy sector in the region.

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