Clarus, one of New Zealand’s largest energy groups confirmed that its current shareholder, Igneo Infrastructure Partners (Igneo), has entered into agreements to sell its shareholding in Clarus, covering the Firstgas, Rockgas, and Flexgas businesses to Brookfield, one of the world’s largest infrastructure investors.
At the same time, Igneo has entered into an agreement to sell its interest in Firstlight Network to Powerco. Igneo will retain its shareholding in the Tauhei Solar Farm. First Renewables, which has been leading this project for Clarus, will remain part of Clarus.
Paul Goodeve, Clarus CEO said, “We look forward to welcoming Brookfield as our new shareholder once all approvals have been confirmed. As a highly credible, long-term investor in essential infrastructure, we are confident they will be a strong owner for Clarus’.
“It’s positive to have an investor of Brookfield scale and experience choosing to invest in Clarus” added Goodeve.
A number of conditions and requirements still need to be satisfied including overseas investment approval, which we are aiming to finalise over the next few months, with settlement expected in the first half of 2026.
“In the meantime, it’s business as usual at Clarus, and our focus remains on delivering good energy and great service to nearly half a million homes and businesses of all sizes around New Zealand each day,” said Goodeve.
For more information contact: Mark Blackham / mark@blacklandpr.com / 021 891 042
