“At this stage we haven’t found a site to fill that capacity.
“One of the challenges is the electricity in the Eastland region. Given its lower population it’s quite hard to get generation in there and then get the export out. We’d have loved to do a project there but at this stage there are no immediate plans.
The company yesterday issued its first press release announcing its plans.
“We expect to be making site development announcements and resource consent applications over the coming months,” Mr McDonald said.
“We will also be looking to engage on regulatory settings that can support solar developments right across the country.”
Mr McDonald said it was encouraging that new entrants were entering the energy market and challenging the established players, but development experience was vital.
“While solar is an incredible opportunity to generate large volumes of clean, renewable energy, it needs to be done at genuine scale. Additionally, competitively financing large projects can be challenging and responsible solar development requires long-term commitment to community partnerships.
“The Helios team has built a track record of securing commercial funding for major solar developments around the world and is committed to building partnerships with landowners, communities and tangata whenua that deliver mutual benefit.
“We will be partnering with landowners and communities in service of developing cheaper, cleaner solar energy solutions, and will be providing regular updates on our progress.
“We’re hugely excited about the opportunity to take a lead role in transforming New Zealand’s energy sector in service of meeting New Zealand’s climate change commitments and democratising participation in our energy system.”