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Lodestone Energy Ltd’s proposal to build a solar farm in Canterbury has been approved under the fast-track process. It is the first solar farm to get fast-track approval, after Lodestone lodged its application last September. It means the company can proceed with plans to build Haldon Solar Farm near Lake Benmore, 14 kilometres southeast of Twizel.
Infrastructure Minister Chris Bishop said it was expected to generate 370 GWh of renewable energy a year, enough to power about 45,000 households.
He said seven renewable energy projects had now been approved under the fast-track process and together they would generate 770 megawatts of energy, more than 5% of New Zealand’s current electricity generation.
Overall, 29 projects have now been approved by fast-track expert panels, with 18 more currently being considered by panels.
The Commerce Commission will independently test Watercare’s new investment plans for the Auckland region.
Commission chair Dr John Small said his agency would scrutinise the plans in the best interests of locals and consumers.
“As both Watercare’s Crown monitor and the economic regulator of water services, the Commission will fully scrutinise the expanded investment programme to assess whether it is appropriately prioritised, represents efficient expenditure, and delivers long-term benefits for Aucklanders.
“Watercare’s announcement provides an indication of the investments it intends to put forward. We will rigorously assess those proposals once they are formally submitted to ensure they deliver lasting benefits for Aucklanders and represent value for consumers, who ultimately pay for these investments through their water charges,” Small said.
The Commerce Commission’s Crown monitor role is specific to Watercare and separate from its other water regulation work.