Purpose Capital invests $17.4M in Lodestone Energy, supporting the development of New Zealand's largest solar farm, Kohirā.
Purpose Capital, a NZ impact investor, invested $17.4M in Lodestone Energy, a solar energy company, completing its $55M equity raise. This investment helps build the country's largest solar farm, Kohirā, with 61,000 solar panels, an AC capacity of 23.7MW, and annual electricity production of 56GWh. Purpose Capital aims to reallocate capital from traditional investments to impact investments and supports decarbonisation projects.
April 09, 2024
3 Articles