Nova Energy is currently the sixth largest electricity retailer in New Zealand, and one of the largest wholesalers and retailers of natural gas.
A generation-retailer, Nova Energy retails energy, broadband and phone services to homes and businesses under three brands: Nova Energy, Megatel and Wise Prepay.
Nova Energy has a majority stake in Sunergise New Zealand Limited and Sunergise International Limited and is leveraging its expertise and success in solar projects in the Pacific Islands and New Zealand to build its renewable energy business.
Nova Energy made the move into solar energy in New Zealand in 2021 by opening the country’s largest 2.1 MW grid connected, ground mounted solar power plant in South Taranaki, the Kapuni Solar Plant. Nova Energy also has consent for a 400MW solar plant near Taupo and subject to final investment decision, will commence construction in early 2024.
Nova Energy also generates electricity at two 100MW fast-start natural gas fired peaker plants in Taranaki and cogeneration plants at Kapuni, Whareroa and Edgecumbe.
Nova Energy is the majority shareholder in Todd Solar (trading as Sunergise), which specialises in New Zealand commercial-scale solar using power purchase arrangements with commercial clients, allowing more businesses to access solar power with no capital outlay.
Nova Energy is also the majority shareholder in Sunergise International, which has 20 years of experience designing and installing solar PV, battery, hybrid and mini grid systems in the Pacific.