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 owners, project partners and mana whenua, we champion a holistic approach to development and operations.
A local-international partnership
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, Eastland returns millions in dividends to support the Trust's 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 Asia and the Oceania region, Obayashi is contributing to realising carbon neutrality on a global scale.
The company expanded to New Zealand in 2011, delivering significant projects such as the country’s first megawatt-class green hydrogen production facility, Halcyon Power.
This partnership between Eastland and Obayashi is a collaboration that adds value through investment and shared knowledge. Together, we are playing a meaningful role in helping Aotearoa achieve carbon neutrality by using 100% renewable energy.
The formal signing ceremony for the investment by Obayashi Corporation into Eastland Generation took place in June 2024, during Prime Minister Christopher Luxon's trade mission to Japan.
Back row (from left): Aya Inagaki, Kenichi Ando, Alice Pettigrew, Belinda Lake and Ben Gibson. Front: Tatsuya Inokuchi, Todd McClay, Kenji Hasuwa, Christopher Luxon, Matanuku Mahuika, Debbie Birch and Yukio Mashimo.
Growth strategy
Target 2025: 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 and Hawke's Bay.
Our holistic approach to development ensures projects are executed – and plants maintained – in a safe, sustainable and culturally appropriate way.
