Kapuni project reaches financial close in Taranaki

Ballance Agri‑Nutrients and its partners say that the Kapuni Project has reached financial closure, unlocking an integrated renewable electricity and green hydrogen development in South Taranaki, New Zealand. The consortium includes Ballance, Hiringa Energy, Todd, Parininihi ki Waitōtara (PKW) and the New Zealand Ministry of Business, Innovation and Employment (MBIE).

The project integrates four 6.4 MW wind turbines (25.6 MW installed) with a 5 MW hydrogen electrolyser linked to Ballance’s Kapuni plant. The partners say that the wind farm is expected to generate around 100 GWh per year, with power used to supply Ballance’s site operations, produce hydrogen for transport via Hiringa’s refuelling operations, and export electricity to the national grid to support Hiringa and Ballance’s operations and supply the Todd network. They also say green hydrogen can augment some of the natural gas feedstock at the Kapuni plant. Hiringa is due to start construction in early March 2026, beginning with civil enabling works, with first renewable electricity and green hydrogen production expected in 2027. The project is backed by non‑recourse project financing from Westpac.