MyFarm Solar Fund Limited Partnership
Managed Investment Scheme
Register InterestThe law normally requires people who offer financial products to give information to investors before they invest. This requires those offering financial products to have disclosed information that is important for investors to make an informed decision. The usual rules do not apply to this offer if you are a person who comes within Schedule1, clause 3(2)(a)-(c) or 3(3)(a)-(b)(ii) (inclusive) of the Financial Markets Conduct Act 2013. This includes where the amount invested upfront by the investor (plus any other investments the Investor has already made in the financial products) is $750,000 or more. If you fall within Schedule 1, clause 3 of the FMCA as a result of this exclusion, you may not receive a complete and balanced set of information. You will also have fewer other legal protections for this investment. Investments of this kind are not suitable for retail investors. Ask questions, read all documents carefully, and seek independent financial advice before committing yourself.
The MyFarm Solar Fund LP offers wholesale investors the opportunity to invest in a portfolio of solar farms throughout New Zealand, with projected returns of 10-12% p.a. achieved through long-term Power Purchase Agreements.
The Offer
MyFarm is partnering with Hiringa Energy Limited, a leading green energy producer, to develop five utility scale(5MW) solar farms over the next 24–36 months. Overall, the project aims to build up to 25 MW of electricity production capacity and involve total capital of $36 million. Electricity generated from these solar farms will be sold to Hiringa Energy through long-term Power Purchase Agreements (PPAS), providing the potential for attractive inflation-adjusted returns.
The MyFarm Solar Fund will own the farms and is forecast to provide cash distributions of 10% -12% p.a., paid quarterly, with depreciation benefits expected to provide significant tax advantages for investors. With these tax benefits, the target distribution of 10–12% p.a. is estimated to be the equivalent of a 15% p.a. return on a fully taxable investment, assuming a tax rate of 33%.
Why Renewable Energy
With strong market fundamentals and significant government support, we believe the renewable energy sector can provide attractive opportunities for private investment. The Ministry of Business, Innovation and Employment forecasts total electricity demand to grow between 35% and 80% by 2050, with electrification in the commercial and industrial sectors driving short-term growth. The government has committed to doubling renewable energy generation by 2050 to meet this demand and achieve net-zero emissions targets. Meeting this increased demand will require an estimated $14 billion investment in new generation by 2035.
Private investment that can generate attractive returns is critical to achieving our clean energy and environmental objectives.
Learn More
Watch this video to learn more about the MyFarm Solar Fund LP and the opportunity for private-sector investment in solar energy.
View the Fact Sheet for MyFarm Solar Fund Limited Partnership by clicking here.
Upcoming Solar Fund Events
MyFarm invites you to learn more about this offer, and meet the team in person at the upcoming Solar Fund events:
Tauranga: 18th June - Craigs Investment Partners (Cameron Road)
Auckland: 19th June - Craigs Investment Partners (Vero Building)
New Plymouth: 23rd June - Devon Hotel
Christchurch: 25th June - FMG Building (Christchurch Airport)
Wellington: 26th June - Craigs Investment Partners (Customhouse Quay)
Register your interest below to speak with the MyFarm team.
