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Lightyears forms strategic partnership with Obayashi Corporation and secures $98 million to accelerate solar infrastructure.
Nov 10, 2026
Contract Type
partnership
New ZealandEnergyRenewable EnergySolar
Description
Lightyears has secured NZ$174 million in funding from Obayashi Corporation and Infradebt to enhance its solar and battery infrastructure projects. The strategic partnership will see Obayashi Corporation taking a 90% stake in a new subsidiary for managing solar projects. This investment will help Lightyears focus on developing its renewable energy pipeline over the next five years.
Company Information
Company
Lightyears
Location
New Zealand
About
Lightyears is a New Zealand-owned renewable energy business focused on developing solar and battery infrastructure. The company aims to deliver a pipeline of over 300 MW of utility-scale solar projects over the next five years. It has established partnerships with international firms to accelerate its growth in the renewable energy sector.