No decision had been made on whether an IPO will proceed.
“At this stage, we are simply inviting people to register their interest so we can better understand the potential level of investor support,” Matthews said.
Lodestone Energy’s vertically integrated business model brings together solar farm development, construction management, operations and maintenance, electricity generation and retail capability.
Managing director Gary Holden said Lodestone Energy saw a significant opportunity as New Zealand’s demand for electricity continued to increase.
“Our vision is to build a solar farm in every community and develop Lodestone Energy into a vertically integrated gentailer capable of serving customers across New Zealand,” he said.
“We have built the foundations of the business and our focus now is on continuing to build solar farms, adding customers and steadily growing the amount of renewable electricity we supply.
“If the IPO proceeds, the capital raised is intended to support the construction of additional solar farms, expansion of our customer base and general corporate purposes.
“It would also provide investors with an opportunity to participate in Lodestone Energy’s ambition to build a nationwide solar generation and retail business.”
In July, Lodestone said construction of one of New Zealand’s biggest solar energy projects had moved a step closer under the fast-track planning process.
Lodestone Energy said its Haldon Solar Farm, in the Mackenzie Basin, received a positive decision under the Fast-track Approvals Act, which is aimed at expediting approval for major infrastructure and development projects.
Founded in 2019, Lodestone is the country’s first utility-scale solar generation company.
It is majority New Zealand-owned through private equity partnerships including Jarden Principal Investments, Purpose Capital, Tauhara North No.2 Trust, the Accident Compensation Corporation, K1W1 and Pathfinder.
In April last year, Lodestone raised $50 million from existing shareholders and new investors to fund more solar farms, adding to a $50m development fund it raised in 2024.
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