Solar Development Partnerships - Tūmanako Rānui
GLOBAL PARTERSHIP
Regener8 Power
Regener8 Power is a clean energy development and regeneration company based in the UK focused on high-impact projects combining renewable energy, carbon farming and biodiversity enhancements, the team have a 4 Gw development pipeline in the UK and Europe.
The focus in New Zealand is to work closely with landowners and communities to develop Solar Farms and Battery Storage projects that provide long term income security, clean energy and shift the needle on climate change.
New Zealand aims to achieve 100% renewable electricity by 2030 and net zero greenhouse gas emissions by 2050. Meeting these targets will require a significant increase in electricity supply, estimated to be around 70% by 2050, to support the electrification of the New Zealand economy. This translates to a need for approximately 400-500MW of new generation capacity every year until 2050, a rate of development unprecedented in the country's history.
This transition presents both opportunities and challenges in the electricity industry.
- To decarbonize the wider economy, electrification of heating and transportation is necessary, rapid development of new renewable electricity generation is crucial to meet New Zealand's transformation goals.
- The Regener8 Power team is well placed to be a crucial part of the transformation and brings considerable expertise in all stages of the project development lifecycle from origination and planning, through to commercial operation. Before founding Regener8 Power, the team had a combined project delivery history of over 5GW on an array of renewable energy projects across multiple territories, and brings a combined 88+ years of experience in the renewable energy sector.
Jason Lenthall
New Zealand Head of Developments
Since 2008, Jason co-founded a specialist advisory business covering a broad spectrum of services for utility scale solar PV with an emphasis on origination and portfolio sales. Jason has originated over 1GW of projects globally from greenfield status through to operational stage. In 2016, he set up a joint venture between a local Australian developer and a European investor. The partnership generated 632MW of operational assets in the Australian market. In 2017, he originated a portfolio of projects for a German investor amounting to 397MWs in Australia. Combined, the portfolios created an operational value of 1 Billion Australian dollars. As Head of New Zealand he brings 15 years of renewable energy delivery experience across Europe and Australia.
LOCAL PARTNERSHIP
Tāmata Hāuha Ltd
Tāmata Hauhā is a prominent advocate in Aoteroa New Zealand for environmentalism and sustainability. With a profound commitment to promoting renewable energy solutions and sustainable practices, Tāmata Hauhā stands as a leading voice in the environmental arena.They are champions of Māori landowners, dedicated to driving positive change through advocacy and action. Driven by the urgency to address climate change, Tāmata Hauhā passionately champions solar energy for its renewable qualities, minimal environmental footprint, and significant role in reducing carbon emissions. Furthermore, Tāmata Hauhā actively supports the widespread adoption of solar power as a key step towards a cleaner, greener, and more sustainable energy landscape.
Fund Managers
Pacific Channel
Pacific Channel is New Zealand’s first, most active and largest deep-tech venture capital firm with growing activity across Asia Pacific including in San Diego, Melbourne, Singapore and Beijing. Pacific Channel is focussed on investing in ground-breaking companies in the areas of future of food, health, and the environment and supporting these companies across multiple stages of their growth with their venture capital, expertise and networks. Pacific Channel has created and managed several funds, generating an 86% average IRR since inception of its funds management 13 years ago. Pacific Channel co-founded Tāmata Hauhā, together with the Māori management team, to contribute its fund management skills and networks to help realise Māori aspirations at scale. Tāmata Hauhā serves as an advisory and funding vehicle to channel investment into Māori land blocks. Pacific Channel has partnered with Regener8 and Tāmata Hauhā to form Tūmanako Rānui, creating sustainable solar farm opportunities for Māori landowners.