Better to overinvest in renewable energy than leave it too late

Meridian Energy chief executive Neal Barclay is positive about the outlook for new renewable generation. (Image: Meridian)

Greg Hurrell

Fri, 11 Aug 2023

It is better to risk overbuilding renewable electricity infrastructure rather than deliver it too late as has been the usual case, Powerco chief executive James Kilty says.The lines company head was part of a panel – “Keeping the Lights On” – at the July 9 Responsible Investment Association Australasia conference. He and his co-panellists, Meridian Energy chief executive Neal Barclay and Gas Industry Company chief executive Andrew Knight, were looking at New Zealand’s path to electrification.The pane...

Subscribe to BusinessDesk

Stay informed on business, government and financial developments across New Zealand.

Deeply researched, twice-edited and fact-checked news
Annual subscribers also receive a complimentary subscription to The Wall Street Journal
Personalised email news alerts, plus gift up to 5 stories a month to non-subscribers

You can cancel anytime with two clicks, an email or a phone call.
Find out more.

We are serious about journalism.

Name {{ registerForm.errors.get('name') }}

Email address {{ registerForm.errors.get('email') }}

Phone Number {{ registerForm.errors.get('phone') }}

Job Title {{ registerForm.errors.get('title') }}

Password Minimum password length of 8 characters.
Require at least one upper and lowercase, numeric, and special character. {{ registerForm.errors.get('password') }}

Repeat password {{ registerForm.errors.get('password_confirmation') }}

We had trouble validating your card. It's possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.

Credit Card

Cardholder's name

{{ __(plans[index].name) | capitalize }} {{ plans[index].attributes.old_price | currency }} {{ plans[index].price | currency }}

All subscriptions auto renew but are easy to cancel.

I Accept The Terms Of Service

{{ registerForm.errors.get('terms') }}

Tax: {{ taxAmount(selectedPlan) | currency }}

Total Price Including Tax: {{ priceWithTax(selectedPlan) | currency }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerSeat ? '/ '+ spark.seatName : '' }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerTeam ? '/ '+ __('teams.team') : '' }} / {{ __(selectedPlan.interval) | capitalize }}

Infrastructure

Govt shares emerging route for mega Northland expressway

It's our single biggest roading project. So where's it going to go?

Oliver Lewis 10:30am

Markets The small cap wrap

Why this tech firm sees a Trump tariff opportunity

Plus IkeGPS' wins in the US, Trade Window targets trade war, TruScreen, and more.

Rebecca Stevenson 10:10am

Why this tech firm sees a Trump tariff opportunity

Markets

US stocks surge on hopes of China trade deal

Asian indexes closed mixed, while oil prices firmed.

AFP 9:30am

US stocks surge on hopes of China trade deal

Sponsored

“Not an invisible footprint”: Why technology supply chains need optimising

Outdated hardware is a supply chain and cost risk.

Datacom

Sponsored

Bayleys Total Property Issue 3 out now

Backed by Bayleys’ national strength and global reach

Bayleys

More Energy

News in Brief

Lodestone Energy raises another $50 million

Unlisted Lodestone Energy says it has raised another $50 million from existing shareholders and new investors to fund more solar farms.This would add to the $50 million development fund it raised in 2024, the company said.“These funds will enable Lodestone to maintain their momen...

Staff reporters 12:20pm