MyFarm Investments and Hiringa Energy have closed a $13.4 million raise to expand solar-to-hydrogen developments.
Conducted through the MyFarm Solar Fund, the offer launched in June and has now lifted total 2025 funding to $17.7 million. The capital will be directed toward building renewable generation capacity.
The transaction ephasises strong investor demand for commercially anchored clean energy assets.
The offer remains open to wholesale investors and is also drawing interest through the Government’s Active Investor Plus Visa scheme. MyFarm CEO Andrew Watters said the support reflects confidence in both the model and its timing.
“We are delighted with the support we have received for the MyFarm Solar Fund and the partnership with Hiringa Energy at a time of such significant opportunity in the New Zealand energy sector,” Watters said.
New Solar Farms Greenlit in Northland
The latest capital will finance two new 5MW solar-to-hydrogen farms, joining the first 5MW development in Ruakākā, Northland. Located near the State Highway 15 turnoff to North Port, the Ruakākā site is set to begin construction this month, with energy generation targeted for the first quarter of 2026.
Proceeds will be used to acquire the Ruakākā project upon completion and to fund the second and third farms.
Hiringa Energy to Deliver and Operate Projects
Hiringa Energy will build and operate the farms, securing offtake agreements for the electricity produced. Most of the power will be directed toward the company’s hydrogen refuelling network, which supports a growing fleet of hydrogen-powered trucks transporting goods across the North Island.
Any surplus will be dispatched directly into New Zealand’s electricity market to ease ongoing supply shortages.
MyFarm and Hiringa’s main goal is to develop a fleet of five farms generating 25MW in total.