Build New Zealand's
Largest Rooftop Solar Company
A NZ$7.5 million consortium investment to co-develop, govern, and scale a platform that combines utility-scale solar with the ambition to dominate New Zealand's rooftop solar market.
Adam, Tong Yi & James — this is your vehicle to co-develop and govern NZ's solar future.
The Heredium Group's expertise in structuring long-term real asset portfolios for UHNW families, combined with the Lam Hong Group and Or family's investment acumen, creates a natural consortium for this opportunity. We are inviting a NZ$7.5 million allocation — $2.5 million per family — in HIL's NZ$25 million equity raise.
But this is more than a passive investment. Your consortium will have governance rights and co-development participation in what we intend to build into New Zealand's largest rooftop solar company. The utility-scale pipeline provides the foundation — 163MW of consented, ready-to-build solar farms backed by freehold land and institutional debt. The rooftop solar opportunity is the growth engine.
Heredium's existing NZ property portfolio and Eco Energy interests position the consortium perfectly to help grow out rooftop solar assets across commercial and industrial properties — creating a vertically integrated platform that spans utility-scale generation, rooftop installations, and land ownership.
Becoming NZ's Largest
Rooftop Solar Company
The utility-scale pipeline provides the foundation. Rooftop solar is the growth engine — and your consortium is the catalyst to accelerate it.
Grow Out Rooftop Assets
Leverage Heredium's existing NZ commercial property portfolio and network to deploy rooftop solar across industrial, commercial, and institutional buildings. Each installation generates immediate, contracted revenue with minimal land cost.
Co-Develop Existing Pipeline
Participate actively in the development of 163MW of consented utility-scale solar. Your consortium brings international real estate development expertise, capital structuring capability, and a network of UHNW co-investors.
Governance & Board Participation
As a cornerstone investor, the consortium will have governance rights including board representation. Shape strategy, approve major capital decisions, and ensure the platform scales in alignment with your long-term investment philosophy.
The Rooftop Solar Opportunity
New Zealand's rooftop solar market is at an inflection point. Commercial and industrial electricity prices are rising, corporate sustainability mandates are accelerating, and behind-the-meter solar offers immediate cost savings with no grid infrastructure required.
HIL's existing relationships with major corporates — Woolworths, McCain Foods, Ryman Healthcare, universities — provide a natural pipeline of rooftop deployment opportunities. Combined with Heredium's Eco Energy expertise and commercial property network, the consortium can build a rooftop portfolio that complements the utility-scale assets.
The vision: a vertically integrated platform that owns the land, generates utility-scale power, and deploys rooftop solar across NZ's commercial building stock — New Zealand's largest rooftop solar company.
Governance & Co-Development Rights
This is not a passive investment. Your consortium will have meaningful governance participation and co-development rights.
Heredium
Lead consortium partner. International real estate portfolio structuring. Eco Energy expertise. NZ commercial property network.
Lam Hong Group
Strategic co-investor. Capital structuring and investment management expertise. Long-term family office perspective.
Or Family
Strategic co-investor. Business development and operational expertise. Growth-oriented investment philosophy.
Consortium Rights & Privileges
Governance
- Board representation for the consortium
- Approval rights on major capital allocation decisions
- Quarterly reporting and strategic review participation
- Input on rooftop solar strategy and growth direction
Co-Development
- Active participation in rooftop solar pipeline development
- Leverage Heredium's property network for deployment sites
- Co-invest in new utility-scale projects as they emerge
- Shape the platform into NZ's largest rooftop solar company
Freehold Land & Assets Across New Zealand
Heredium understands the enduring value of real assets. Every major HIL asset is underpinned by freehold land — capital preservation with infrastructure-grade returns above it.
Tararua
North Island100% owned by HIL subsidiary. Leased to Akuo Green Energy on a 35-year triple-net lease with CPI escalation and bank guarantee. Adjacent to Mangamaire substation. Cash flowing now.
Maungaturoto
Northland, North Island16.7ha freehold land owned. Operational since November 2025. 10-year PPA with Mercury Energy (NZX listed, BBB+ rated) on behalf of Ryman Healthcare. $27M project debt from Westpac. Generates 32 GWh annually.
Lincoln University
Canterbury, South IslandRooftop and ground-mount solar on Lincoln University campus under licence agreement. Behind-the-meter PPA with the university. First of the university partnership model demonstrating the rooftop solar growth strategy.
Massey University
Palmerston North, North IslandGround-mount solar on Massey University land under licence agreement. 25-year behind-the-meter PPA with Massey. Largest university solar installation in New Zealand. Demonstrates scalability of the institutional partnership model.
Naseby
Central Otago, South IslandTwo-stage development (40MW + 40MW) on freehold land to be acquired with raise proceeds. Central Otago offers 2,000+ annual sunshine hours. MOUs signed with Oceania Gold and Otago University, sleeved through Genesis Energy.
Waimate
South Canterbury, South IslandFreehold land to be acquired with raise proceeds. 20-year PPA with McCain Foods (NZ) via Meridian Energy sleeving arrangement. Supporting McCain's target of 100% renewable electricity by 2030. EPC by Chint Green Energy NZ.
Ashley
Canterbury, South IslandFreehold land option to be settled with raise proceeds. Transformative data centre partnership: sovereign AI data centre co-location with 10MW baseload demand and 30-year PPA for 100% output. Direct GXP adjacency. NZ's first renewable-powered digital infrastructure hub.
Full Asset Portfolio Summary
| Property | Location | Tenure | Land Area | Capacity | Status | Revenue p.a. | $/ha p.a. |
|---|---|---|---|---|---|---|---|
| Tararua | North Island | Freehold | 92 ha | — | Operational | $385K | $4,185 |
| Maungaturoto | North Island | Freehold | 16.7 ha | 21.0 MWp | Operational | $871K | $52,156 |
| Lincoln University | South Island | Licence | ~2 ha | 1.4 MWp | Development | $134K (FY28) | $67,000 |
| Massey University | North Island | Licence | ~11 ha | 7.0 MWp | Development | $800K (FY28) | $72,727 |
| Naseby | South Island | Freehold (to purchase) | ~128 ha | 80 MWp | Development | $7.6M (FY29) | $59,375 |
| Waimate | South Island | Freehold (to purchase) | ~15 ha | 9.4 MWp | Development | $777K (FY29) | $51,800 |
| Ashley | South Island | Freehold (option) | ~105 ha | 65.6 MWp | Development | $6.5M (FY29) | $62,190 |
High & Growing Dividends
Consistent with Heredium's philosophy of steady long-term capital growth — distributions are forecast to grow significantly as the portfolio matures.
Illustrative Returns
Why Heredium Group Fits
Since 1987, Heredium has focused on capital preservation through real assets. Freehold NZ land with contracted solar income is the ultimate expression of that philosophy.
Heredium's Eco Energy division complements the rooftop solar growth strategy — bringing energy transition expertise to the consortium.
Heredium's network of UHNW families provides potential co-investment capital for future growth and platform expansion.
163MW Ready to Build
All projects have land secured, geotech completed, and resource consents in place or well progressed.
| Solar Farm | MWp | Cost ($M) | Equity IRR | Counterparty | FY29 CF ($M) | Land |
|---|---|---|---|---|---|---|
| Lincoln University | 1.4 | 2.0 | 12.9% | Lincoln University | 0.1 | Licence |
| Massey University | 7.0 | 11.4 | 24.9% | Massey University | 0.8 | Licence |
| Waimate | 9.4 | 15.9 | 15.0% | McCain Foods (NZ) | 0.8 | FREEHOLD |
| Naseby Stage 1 | 40.0 | 64.5 | 19.8% | Oceania Gold / Genesis | 3.6 | FREEHOLD |
| Ashley | 65.6 | 106.3 | 20.2% | Data Centre Operator | 6.5 | FREEHOLD |
| Naseby Stage 2 | 40.0 | 65.6 | 21.2% | Otago Uni / Genesis | 4.0 | FREEHOLD |
| Total Pipeline | 163.3 | $266.8 | — | 15.8 |
Investment-Grade Offtakers
Consortium Confirmation
We invite Adam, Tong Yi and James to confirm the consortium's interest in a NZ$7.5 million allocation ($2.5M per family). Following confirmation, we will provide full dataroom access, draft subscription and shareholders agreements with governance provisions, and progress toward binding commitment.