It will invest in stages as each project reaches development milestones, funding Lightyears’ next set of generation sites across the country, Lightyears said.
Infradebt first partnered with Lightyears in 2025.
Lightyears managing director and co-founder Matt Shanks said Obayashi and Infradebt would support the next phase of growth.
“We see these partnerships as recognition of the track record we’ve established with our team, our partners and the projects we’ve built,” he said.
Lightyears had built its portfolio over the past few years.
In Reefton, a 14MW solar farm is nearing completion and is expected to support energy resilience on the West Coast.
In the central North Island, the company is building the 15MW Te Aho o te Rā Solar Farm in a joint venture with eight local Māori land trusts, incorporations and related investment entities.
The farm, near Kuratau, is expected to generate about 23.5 gigawatt hours a year, enough to power about 3300 homes, with completion due in July 2027.
In the South Island, Lightyears is breaking ground on a new 6MW site connected to the local Electricity Ashburton network.
Lightyears was founded by Shanks and Sean Tobin, who delivered the country’s first utility-scale solar farm in 2023.
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