Contact says it is preparing for the future

Contact is extending its geothermal capacity. (Image: Contact)

Tue, 16 Aug 2022

New geothermal electricity generation, more solar and wind, and the ‘swaption’ agreement to keep the gas-powered Taranaki combined cycle plant running until 2024 are all signs the sector is finding its way to shift to renewable generation in a stable way, Contact Energy boss Michael Fuge says.Contact delivered its annual results yesterday with Jarden analysts describing it as a positive outlook.The results were dominated by Contact looking forward to new renewable generation and the earlier-than-expected commitment to a $300 million...

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