Green financing of New Zealand’s Kōwhai solar park

Intesa Sanpaolo’s IMI Corporate & Investment Banking Division, through its Sydney Branch, was part of a pool of banks that secured NZ$ 267M (around EUR150M) in financing the support to the construction of New Zealand’s Kōwhai Park solar facility.

This green financing goes to a joint-venture between Lightsource bp, a global leader in solar energy project development and management, and Contact Energy, one of New Zealand’s leading energy distributors and producers.

Kōwhai solar park will be one of New Zealand’s largest solar facilities, capable of producing 168 MWdc, with approximately 300,000 solar panels.

Construction is to begin in 2024, with commercial operations expected in 2026.

Leveraging its recognised expertise in renewable energy and a well-established, selective international presence, Intesa Sanpaolo reaffirms its commitment to

driving the energy transition forward and promoting green financing.

Read more in the Press Release.