NZ’s largest industrial landowner set to invest $110m in rooftop solar
New Zealand’s largest industrial landowner is set to invest over $110 million in a rooftop solar and battery storage rollout it says will lower production costs for local and export firms while reducing pressure on the national electricity grid at peak times. Over the next decade, the initiative will see up to 170,000 solar panels installed across the group’s industrial rooftops, creating up to 85MW of rooftop solar capacity, along with battery storage systems to store surplus generation. Calder Stewart has more than 900 hectares of zoned industrial land across Auckland, Canterbury, Otago and Southland, giving it one of the country’s largest platforms for distributed energy generation. Its energy arm, Calder Stewart Energy, has already installed solar systems across 17 industrial sites, covering over 152,000m2 of roof space and capable of generating up to 3.6MW at peak output. The systems are expected to generate about 4.2GWh of electricity a year, equivalent to the annual power use of more than 500 homes. Sam Stewart, Calder Stewart director, says sector-wide adoption of rooftop solar across the country’s industrial sites could save millions of dollars in avoided transmission and distribution-related costs, while reducing the need for additional grid investment. He says network losses typically add around 5% to 10% to the amount of electricity users pay for, meaning industrial businesses are effectively paying for more power than they consume onsite. “If your meter says you have used 100 kilowatt hours, you may actually pay for 105 because of the losses across the network. “By generating power above where it is used, we can take pressure off the lines network and reduce the cost of moving electricity across the system,” he says. Stewart says solar will now be integrated as standard into the company’s new industrial developments, while the bulk of existing buildings are […]
