SunScout New Zealand Advances 1.5 MWp Solar and Battery Storage Project at Te Akau
SunScout's New Zealand subsidiary secured landowner agreements to advance the 1.5 MWp Te Akau solar and 2 MWh battery storage project, with an indicative cost of NZ$2.64 million (about US$1.49 million). The project company will be owned 50/50 with the landowners; SunScout NZ leads engineering, financing and operations, targeting roughly 70% project debt and receiving 60% of distributable cash until its equity is recovered.
Key figures
- Deal Value Usd
- 1490000
- Project cost nzd
- NZ$2.64 million
- Target debt share
- 70%
- Solar capacity mwp
- 1.5
- Battery storage mwh
- 2
- Target equity share
- 30%
AI analysis
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