New Zealand’s energy sector is undergoing significant transformation as it grapples with the challenge of meeting future electricity demand that is forecast to balloon 35-80% by 2050.
Meeting this demand while still achieving our net-zero emissions targets has put the spotlight on renewable energy sources and opened up exciting new opportunities for private investors.
MyFarm Solar Fund LP is an investment in a portfolio of five megawatt solar farms projected to deliver an annual cash return starting at 10% and rising to 12% p.a.
The Offer
Established in June 2025, the Fund has already made significant progress toward its goal of developing five 5MW solar farms over the next two to three years. With $NZD13.9 million in investor capital already secured to fund the first three farms, the Solar Fund is now looking to raise a further $NZD9-10 million to develop Farms 4 and 5.
Electricity generated from these solar farms is intended to be sold to Hiringa Energy through long-term Power Purchase Agreements (PPAs), providing the potential for attractive inflation-adjusted returns.
The MyFarm Solar Fund will own the farm infrastructure and long-term leases and is targeting cash distributions of 10%-12% p.a., paid quarterly, with depreciation benefits expected to provide significant tax advantages for investors. With these tax benefits, the target distribution of 10–12% p.a. is estimated to be the equivalent of an average 15% p.a. return on a fully taxable investment, from years 2 to 10, assuming a tax rate of 33%.
Development of the Fund’s first farm is already underway, with the site expected to be in production by end April 2026.
Why Renewable Energy
With strong market fundamentals and significant government support, we believe the renewable energy sector can provide attractive opportunities for private investment. The Ministry of Business, Innovation and Employment forecasts total electricity demand to grow between 35% and 80% by 2050, with electrification in the commercial and industrial sectors driving short-term growth. The government has committed to doubling renewable energy generation by 2050 to meet this demand and achieve net-zero emissions targets. Meeting this increased demand will require an estimated $14 billion investment in new generation by 2035.
Private investment that can generate attractive returns is critical to achieving our clean energy and environmental objectives.
Advantages of a MyFarm Solar Farm
The MyFarm Solar Fund’s farms fill a gap in the energy market for mid-scale decentralised energy production, with design efficiencies that offer a range of economic and environmental advantages over other solar farm designs.
From an economic perspective, the 5MW farms do not require a Transpower grid connection and more easily meet resource consent requirements, meaning that progress is fast: moving from obtaining a land option agreement to switching the power on can be achieved within a year. The smaller sites that the Fund plans to use also allow flexibility and can target regions where energy supply is limited, and pricing is typically higher – for example at the top of the North and South Islands.
The MyFarm Solar Fund is open to wholesale investors only. It is not available to retail investors.
View the Fact Sheet for MyFarm Solar Fund Limited Partnership by clicking here.
