SC Oscar Holdings Pte Ltd
Case number(s)
Decision date
DecisionConsent granted
s16(1)(c), s16A1(a), s16A(1C)
Decision makerThe Minister for Land Information and the Associate Minister of Finance
Decision date4 October 2023
Pathway(s)Sensitive land- Benefit test

Freehold interests in approximately 48.5622 hectares of land at Kaponga, Taranaki and approximately 47.1451 hectares of land at Stratford, Taranaki.

Easement interests in approximately 32 hectares of land at Pamapuria, Northland and approximately 57.5 hectares of land at Tikokino, Hawkes Bay.

ConsiderationWithheld pursuant to s9(2)(b)(ii) of the Official Information Act 1982
ApplicantSC Oscar Holdings Pte Ltd 
Singapore 100%
VendorVarious New Zealand Vendors
New Zealand 100%

The Applicant was formed to establish a private equity fund to invest in renewable energy assets including grid-connected solar photovoltaic power generation infrastructure (solar farms) on sites in the Asia Pacific region. 

The main benefits to New Zealand are likely to be economic and relate to the Applicant being able to construct and operate four solar farms on the land. The construction of the solar farms will require considerable (over $150m) investment and create a large number of temporary and a smaller number of permanent jobs. 

Once operational in 2025-2026, the solar farms will add approximately 221.425 GWh of renewable electricity per year to the national grid (this is the equivalent of enough electricity to power approximately 31,500 households). This will advance the Government’s policy goal to achieve 100% renewable electricity by 2030.

Consent was granted as the Applicant met the investor test criterion and the benefit likely to occur as a result of the investment will result in benefit to New Zealand.

More informationNatalie Sundstrom
Russell McVeagh
PO Box 8, Auckland 1140

See the attached Assessment report linked below, which was published in response to an Official Information Act request:

Overseas Investment Assessment Reports for SC Oscar Holdings Pte Ltd and Genesis Energy Limited

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