In May 2024 Eastland Group sold 50% of the company to the Obayashi Corporation as part of a capital raise.
[1] The Eastland network expanded into electricity generation in 1999 with the purchase of the Waihi hydroelectric station.
[1] In 2016 damage to the Waihi dam caused ongoing pollution to the area's drinking water, resulting in the company having to pay the Wairoa District Council more than $100,000 in cleanup costs.
[2] In 2018 the company completed construction of the 24MW Te Ahi o Maui geothermal power station.
[6][7] In May 2024 Eastland Group sold 50% of the company to the Obayashi Corporation as part of a capital raise.