Eastland Generation
Eastland Generation is a New Zealand-based renewable energy generator operating six power plants (four geothermal, one hydro, one solar) totaling 118MW and supplying 3.7% of national electricity demand through grid sales and embedded distribution.
- Company typePrivate
- Founded2007
- HeadquartersKawerau, New Zealand
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Eastland Generation does
Eastland Generation is a New Zealand-based renewable energy generation company operating a portfolio of six power plants across the North Island: four geothermal plants on the Kawerau Geothermal Reservoir (TOPP2 at 49MW, Te Ahi O Maui at 26MW, TOPP1 at 24MW, and Geothermal Developments Limited at 9MW), one hydro-electric scheme in Hawke's Bay (Waihi at 5MW), and one utility-scale solar plant in Tairāwhiti (Te Ihi o te Rā at 5.2MW). Founded in 2007 and headquartered in Kawerau, the company has a current operating capacity of 118MW and generates approximately 898 GWh of renewable electricity annually—equivalent to 3.7% of New Zealand's national electricity demand. Since April 2024, the company has operated as a 50/50 joint venture between Tairāwhiti Investments Limited (a regional infrastructure vehicle owned by Trust Tairāwhiti) and Obayashi Corporation (Tokyo Stock Exchange-listed construction and engineering firm).
The company's core technology is Ormat binary cycle energy conversion using n-Pentane as the motive fluid in a closed-loop process, which converts geothermal heat into electricity without direct geothermal gas emissions. Its business model is generation-and-sale: it produces baseload renewable electricity and supplies it to the national grid via Transpower's transmission network, with additional embedded generation into the Wairoa regional distribution network and geothermal process heat supplied to industrial customers in the Kawerau area. The company serves two primary customer segments: the national electricity grid/utility market (for baseload renewable generation and grid stability) and regional communities across Eastern Bay of Plenty, Tairāwhiti, and Wairoa (for local energy resilience). Asset access is underpinned by long-term resource consents of up to 35 years and joint-venture partnerships with iwi and hapū, including Ngāti Tūwharetoa Geothermal Assets, Kawerau A8D Ahu Whenua Trust, and Ngai Tāwhiri.
The company is privately held with 11–50 employees and follows an asset-heavy, lean-operating utility model. Recent strategic actions include the December 2025 commissioning of TOPP2 (the first major project after the Obayashi partnership) and a pipeline of planned solar projects in Tolaga Bay/Uawa and Wairoa. Pricing and revenue are not publicly disclosed, consistent with the company's wholesale electricity-supply agreements and grid-tied generation model.
Eastland Generation firmographics
Firmographics- Name
- Eastland Generation
- Legal name
- Eastland Generation Limited
- Website
- https://eastlandgeneration.nz
- Company type
- Private
- Founded year
- 2007
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Eastland Generation is a New Zealand-based renewable energy generator operating six power plants (four geothermal, one hydro, one solar) totaling 118MW and supplying 3.7% of national electricity demand through grid sales and embedded distribution.
- Ownership category
- akta.pro rank
Eastland Generation industry classification
Industry- Product category
- Renewable Electricity Generation
- NAICS
- Hydroelectric Power Generation (221111), Solar Electric Power Generation (221114)
- SIC
- Electric Services (4911)
- akta.pro primary industry
- Geothermal Power Plant EPC & Construction (Surface Facilities, Balance of Plant) (EUAMAEAE)
- akta.pro secondary industries
- Wind Farm Ownership & Operations (IPP/Utility-Owned Asset Operations) (EUACAFAF), Utility-Scale Power Generation Asset Management (EUAEAMAA)
Keywords
Where Eastland Generation is headquartered
LocationHeadquarters
- HQ city
- Kawerau
- HQ country
- New Zealand
- HQ region
- Oceania
Offices2 records
Markets served
Eastland Generation business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Infrastructure, Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales
Revenue model
- Electricity Generation and Sale: Generation of renewable electricity through geothermal, hydro and solar plants sold to the national electricity grid. The company operates as a generator selling power under energy supply agreements.
Go-to-market motion2 records
Distribution channels3 records
Marketing channels4 records
Eastland Generation product offering
Product offeringCore offering
Eastland Generation owns and operates a 118MW portfolio of renewable energy generation assets across New Zealand's North Island, comprising four geothermal power plants on the Kawerau Geothermal Reservoir, one hydro-electric scheme in Hawke's Bay, and one utility-scale solar plant in Tairāwhiti. The company generates approximately 898 GWh of baseload renewable electricity annually, supplying the national grid via Transpower, regional networks, and process heat to industrial customers in Kawerau.
Product overview
Eastland Generation is a renewable energy generation company operating a portfolio of six power plants across three technology types: four geothermal plants on the Kawerau Geothermal Reservoir in the Bay of Plenty (TOPP2 at 49MW, TOPP1 at 24MW, Te Ahi O Maui at 26MW, and Geothermal Developments Limited at 9MW), one hydro-electric scheme in Hawke's Bay (Waihi at 5MW), and one solar plant in Tairāwhiti (Te Ihi o te Rā at 5.2MW). All geothermal plants use Ormat binary cycle energy conversion technology. Total operating capacity is 118MW with approximately 898 GWh of annual generation. The company also owns transmission assets including 11kV overhead power lines, 33kV transmission lines connecting to the national grid, and the Spencer Avenue switch yard.
Differentiator
Problem solved
Functional benefit
Products and services
- TOPP2 Geothermal Power Station
- TOPP1 Geothermal Power Plant
- Te Ahi O Maui Geothermal Power Plant
- Geothermal Developments Limited (GDL) Plant
- Waihi Hydro Scheme
- Te Ihi o te Rā Solar Plant
Quantifiable outcome
- 3.7% of New Zealand's national electricity demand generated by 118MW portfolio
- +5 more outcomes
Companies that use Eastland Generation
Customer profileNamed customers3 records
Segments2 records
Ideal customer profiles3 records
Eastland Generation technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Eastland Generation partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered core and minor.
- Ngāti Tūwharetoa Geothermal AssetscoreJoint venture partner for TOPP1 and TOPP2 geothermal stations. Provides long-term supply of geothermal heat to the stations and manages wells and steam fields. Creates operational synergies across all geothermal plants with options for future power station development.
- Ngāti Tūwharetoa Holdings LtdcoreLand lease holder for TOPP1 and TOPP2 geothermal stations. Partnership enables geothermal development on Māori-owned land.
- Kawerau A8D Ahu Whenua TrustcoreJoint venture partner for Te Ahi O Maui geothermal power plant (26MW, operational since 2018). This was the first geothermal plant Eastland Generation built from the ground up. Trust holds mana whenua over the Kawerau area.
- Matata Parish 39A 2A Ahu Whenua TrustminorLand owner for Geothermal Developments Limited (GDL) plant on private land surrounded by indigenous forest and river.
- Matata Parish 39A 2B Ahu Whenua TrustminorLand owner for Geothermal Developments Limited (GDL) plant on private land surrounded by indigenous forest and river.
- Ngai TāwhiricoreHapū who hold mana whenua over the Te Ihi o te Rā solar site at Gisborne Airport. Provided support and guidance, played key role in weaving traditional wisdom into the renewable energy approach. G gifted the name Te Ihi o te Rā (the rays, the essence of the sun).
- Trust TairāwhiticoreSole shareholder of Tairāwhiti Investments Limited. Three guiding principles including Kia toitū (sustainability): 'Being good ancestors and our obligations to future generations.'
Scale indicators5 records
Recent moves8 records
Expansion highlights6 records
Eastland Generation competitors and assessment
Company assessmentMarket position
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Eastland Generation social profiles
Digital presenceEastland Generation financial estimates
Financial estimateRevenue estimate
Valuation estimate
Eastland Generation leadership team
Management profileNumber of profiles
Profiles8 records
Eastland Generation subsidiaries and ownership
Company hierarchySubsidiaries1 record
Eastland Generation funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Eastland Generation M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Eastland Generation
What does Eastland Generation do?
Eastland Generation owns and operates a 118MW portfolio of renewable energy generation assets across New Zealand's North Island, comprising four geothermal power plants on the Kawerau Geothermal Reservoir, one hydro-electric scheme in Hawke's Bay, and one utility-scale solar plant in Tairāwhiti. The company generates approximately 898 GWh of baseload renewable electricity annually, supplying the national grid via Transpower, regional networks, and process heat to industrial customers in Kawerau.
Is Eastland Generation a public or private company?
Eastland Generation is a private company. It is classified as corporate owned and is currently operating.
When was Eastland Generation founded?
Eastland Generation was founded in 2007. It employs 11 to 50 people.
Where is Eastland Generation based?
Eastland Generation is headquartered in Kawerau, New Zealand, in the Oceania region.
How does Eastland Generation make money?
One revenue line is on record: electricity Generation and Sale.
Does Eastland Generation have an API?
No public API is recorded for Eastland Generation.
What industry is Eastland Generation in?
Eastland Generation's product category is Renewable Electricity Generation. Its primary akta.pro industry code is EUAMAEAE, Geothermal Power Plant EPC & Construction (Surface Facilities, Balance of Plant), with a secondary code of EUACAFAF, Wind Farm Ownership & Operations (IPP/Utility-Owned Asset Operations). Its NAICS code is 221111 and its SIC code is 4911.