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Foresta Secures Fast-Track Approval and $2M Funding Boost for Kawerau Biomass Project
6:10am on Monday 2nd of June, 2025 AEST
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Energy
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Foresta Secures Fast-Track Approval and $2M Funding Boost for Kawerau Biomass Project
6:10am on Monday 2nd of June, 2025 AEST
Key Points
Kawerau Stage 1 included in New Zealand’s Fast-Track Approvals Act 2024
Non-binding term sheet signed with Genesis Energy for torrefied wood pellet supply
Resource consent granted for earthworks and stormwater management at Kawerau
$2 million received from convertible note agreement to support working capital
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