Aquila Capital Holding GmbH
Case number(s)
Decision date


Consent granted 
Section 12(1)(a) and Section 13(1)(c) Overseas Investment Act 2005

Decision Maker

The Minister for Land Information and the Associate Minister of Finance

Decision Date

3 April 2024


Sensitive land - Farm land benefit test and Significant Business Assets


Acquisition of a leasehold interest in approximately 973.4790 hectares of land at The Point, near Ohau C Power Station 


Withheld under s.9(2)(b)(ii) of the Official Information Act 1982 


Aquila Capital Holding GmbH
Germany 60%
Japan 31%
Various 9%

Far North Solar Farm Limited 
Australia 70%
New Zealand 30%


Douglas Robert McIntyre and Waitaki Trustees (Golden Acres) Limited as trustees of the Golden Acres Trust 
New Zealand 100% 


The Applicants are a joint venture whose business is the construction, development, and operation of several solar photovoltaic farms in New Zealand. 

They are acquiring the land to develop a solar farm with an anticipated installed capacity of 420 MWp, which is enough to power approximately 93,651 homes a year, by 2028. 

The main benefits to New Zealand are capital expenditure on the solar farm, creation of jobs, better energy security, and alignment with government policy.

Consent was granted as the Applicants have met the investor test criterion and the investment is likely to benefit New Zealand. 

More information

Pavanie Edirisuriya
DLA Piper New Zealand
Level 15, PwC Tower 
15 Customs Street West 
Auckland Central 

This assessment report was published as part of an Official Information Act request:

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