A local power generator majority owned by Rod Jones’s Hoperidge Capital has raised $44 million through a bond issue as it considers a potential 100-megawatt solar farm, drawing confidence from the changing regulatory environment.

Merredin Energy operates an 82MW diesel peaking power station in the Wheatbelt, which can be turned on or off rapidly to match changes in electricity demand.

The company is 53 per cent owned by Hoperidge Capital, the investment vehicle of Navitas founder Mr Jones, with the remaining stake held by Sydney-based money manager Palisade Partners.

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