Posts By: Briar

Eastland Generation Awards $5000 Scholarship to Outstanding Former Whakatāne High School Student

Eastland Generation Awards $5000 Scholarship to Outstanding Former Whakatāne High School Student

Eastland Generation have proudly announced Kobe Shilton as the recipient of their prestigious $5000 engineering scholarship. Kobe is a former prefect at Whakatāne High School and now a first-year Bachelor of Engineering student at the University of Canterbury. The inaugural scholarship recognises and celebrates Kobe’s exceptional academic achievements, passion for engineering, and commitment to making… Read more »

New direction for regional infrastructure operations

New direction for regional infrastructure operations

Eastland Group and its shareholder Trust Tairāwhiti have jointly announced the group head office will be reshaped and transition to a new operational and governance model as a holding company. Over the past two years Eastland Group has executed two very significant and hugely successful transactions. The first was the 2023 sale of Eastland Network… Read more »

Eastland Generation and Obayashi celebrate completion of pivotal transaction

Eastland Generation and Obayashi celebrate completion of pivotal transaction

Today marks a momentous occasion for renewable energy company Eastland Generation as they announce the successful completion of their transaction with Obayashi Corporation (Obayashi). This pivotal step initiated by shareholder Eastland Group and its owner Trust Tairāwhiti will see Obayashi acquiring a 50% stake in the company, cementing a strong partnership poised to drive sustainable… Read more »

Eastland Group announce successful capital raise

Eastland Group announce successful capital raise

Eastland Group is pleased to announce a successful capital raise, via the sale of a 50% interest in Eastland Generation to Obayashi Corporation. The capital raise follows a competitive process to find a suitable partner in order to provide capital to fund a significant pipeline of renewable generation projects in New Zealand and to provide… Read more »

NZGIF supports Eastland Generation with up to $25m in long term lending

NZGIF supports Eastland Generation with up to $25m in long term lending

NZGIF will supply up to $25m to fund the construction of connection assets for the new ~50MW TOPP2 geothermal plant. Additionally, it will enable upgrades to the existing connection of the 25MW Te Ahi O Maui geothermal plant. “The loan represents an attractive opportunity to support a leading infrastructure operator and regional decarbonisation,” says Jason… Read more »

Eastland Port and McConnell Dowell celebrates successful completion of Wharf 7

Eastland Port and McConnell Dowell celebrates successful completion of Wharf 7

After 18 months of demolition and rebuilding Wharf 7, Eastland Port and McConnell Dowell are proud to announce the successful completion of the Wharf 7 rebuild. Construction specialists McConnell Dowell built the 255-metre deck-on-pile wharf which has increased the seismic resilience and improved operational longevity. Eastland Port General Manager Infrastructure and Development Marty Bayley said,… Read more »

Challenging year, positive future for Eastland Group

Challenging year, positive future for Eastland Group

Regional infrastructure company Eastland Group has weathered one of the most testing years in the company’s history, and goes into the second half of 2023 with a fresh strategic focus and ambitious plans for growth. “It’s been an incredibly tough year for everyone here in Tairāwhiti, and Eastland Group is no exception,” said Group Chief… Read more »

Taheke geothermal project referred for fast tracking

Taheke geothermal project referred for fast tracking

Eastland Generation and The Proprietors of Taheke 8C & Adjoining Blocks Incorporation (Taheke 8C) have reached a major milestone with the Taheke Geothermal Project, after the Minister for the Environment accepted the project’s resource consent application under the COVID-19 Recovery Fast Track Consenting provisions. The application will now be referred to an expert panel to consider. The Taheke geothermal… Read more »

Eastland Generation announces capital raise to fuel development pipeline

Eastland Generation announces capital raise to fuel development pipeline

Eastland Generation seeking a growth partner to help fund a strong pipeline of renewable generation opportunities. Alongside its existing key suppliers, Ormat Technologies and Ngāti Tūwharetoa Geothermal Assets (NTGA), work is underway to build TOPP2, a 49MW geothermal power station in Kawerau. Substantial and well-progressed development pipeline. Eastland Generation has today announced a strategic capital… Read more »