Eastland Generation has a diverse portfolio of renewable energy plants in New Zealand’s North Island, with a particular expertise in and focus on geothermal generation.
We’re dedicated to sustainably managing renewable resources while growing our generation base and increasing shareholder value. Together with our project partners and mana whenua, we champion a holistic approach to development and operations.
We aim to play a meaningful role in helping Aotearoa achieve carbon neutrality by using 100% renewable energy.
Eastland Generation is co-owned by Eastland Group and Obayashi Corporation.
Eastland Group is a specialist infrastructure company headquartered in Tairāwhiti that also operates Eastland Port and Gisborne Airport. Eastland Group’s sole shareholder is Trust Tairāwhiti. Every year, they return millions in dividends to support their programme of regional economic development and community well-being.
Obayashi Corporation is an international construction and engineering company listed on the Tokyo Stock Exchange. With significant renewable energy development and operational experience in Japan, Obayashi is committed to decarbonisation and accelerating opportunities in the green energy sector.
Growth strategy
Target 2027: 100MW renewable generation asset portfolio. This will be the equivalent of 3.7% of national electricity demand.
A positive outlook for renewable electricity generation supports the Eastland Generation development pipeline. Transpower estimates 70% more renewable generation will be needed to electrify process heat and transport, and decarbonise the economy. Geothermal is key as a low carbon source of base-load supply, underpinning growing uptake of intermittent wind and solar generation.
We have a strong pipeline of renewable generation projects at different stages of development. These include a large new geothermal power plant, and solar opportunities in Tairāwhiti and Wairoa.
We are assessing the long-term possibilities of wind and waste-to-energy plants.
Our holistic approach
We continue to strengthen ties with our iwi, hapū and industry partners in geothermal projects in the Bay of Plenty, and solar projects in Tairāwhiti.
Our holistic approach to development ensures projects are executed – and plants maintained – in a safe, sustainable and culturally appropriate way.
