Fundz

Obayashi takes 90% stake in NZ solar unit

PRIVATENov 03, 2026

Acquiring Company

Obayashi

Acquired Company

LYOC1

JapanNew ZealandConstructionBuilding MaintenanceCivil EngineeringEnergySolar

Description

Obayashi Corporation is investing $74 million in Lightyears, taking a 90% stake in a new solar company, LYOC1. InfraDebt contributes $100 million from Australian investors to the $174 million funding package. The capital will support Lightyears' solar projects across New Zealand.

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Company Information

Company

Obayashi

Location

Japan

About

Obayashi Corp is a leading construction and engineering company based in Japan. Established in 1892, it has extensive experience in building, civil engineering, and infrastructure projects. The company operates globally, delivering high-quality construction services across various sectors. Obayashi is committed to sustainable development and innovation in construction technology.

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Frequently asked

Who acquired LYOC1?

LYOC1 was acquired by Obayashi, based in Japan. The deal was reported on November 3, 2026. Obayashi Corp is a leading construction and engineering company based in Japan. Established in 1892, it has extensive experience in building, civil engineering, and infrastructure projects. Obayashi is privately held and operates in Construction.

When did Obayashi acquire LYOC1?

Obayashi's acquisition of LYOC1 was reported on November 3, 2026. Obayashi Corporation is investing $74 million in Lightyears, taking a 90% stake in a new solar company, LYOC1. InfraDebt contributes $100 million from Australian investors to the $174 million funding package. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does LYOC1 do?

LYOC1 is a new company specialising in solar projects, created as part of the Lightyears funding arrangement. Obayashi holds a 90% stake in it. It is privately held, operating in Energy, and is based in New Zealand.

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