Tupu Tonu today announced its investment in a solar farm development located at Maungaturoto, Northland.
The development has been gifted the name Papareireiā, which refers to the rays of the sun being consumed by the whenua.
A joint venture between Tupu Tonu (the Ngāpuhi Investment Fund Ltd), Purpose Capital and Harbour Infrastructure, Papareireiā is expected to be completed in 2025.
Tupu Tonu Chair Ben Dalton says, “We take a long-term approach to investment, and energy and infrastructure are key target sectors for Tupu Tonu.” Tupu Tonu is a Crown-owned investment company tasked with building asset value to support future Treaty negotiations between the Crown and ngā hapū o Ngāpuhi. “Investing in renewable energy enables us to grow the value of the fund and contribute to the economic development of the region in a sustainable manner.”
Mr Dalton added, “We would like to acknowledge Te Uri o Hau in leading the site blessing for the project and helping to bring this important development to light.”
For further details, please see our investment profile here.
You can also read more about the development on the NZ Herald here.
For any queries, please email info@tuputonu.co.nz.