Meridian Energy (ASX:MEZ, NZE:MEL) will start construction on its 130-megawatt Ruakaka solar farm in August after securing board approval for the NZ$227 million project, according to a Tuesday filing with the Australian and New Zealand bourses.
Construction and maintenance contracts have been awarded to renewable energy firm Ethical Power, with the first power expected in late 2026 and full operation by early 2027, the filing said.
The company's shares were up almost 1% in recent Tuesday trade in New Zealand.
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