Huntly Rankine unit will be retired in February if no deals done: Genesis

Huntly Rankine unit will be retired in February if no deals done: Genesis
One of Huntly Power Station’s Rankine units will require “tens of millions of dollars” to extend its life past next February to 2035. (Image: NZME)
Ian Llewellyn
 Watch: A gentailer warns it may cut generation capacity, while firms are struggling for contracts and other players push for wholesale deregulation.One of Huntly Power Station’s Rankine units will be retired in February if electricity market participants and regulators cannot agree on ways to pay for its future operation, says Genesis chief executive Malcolm Johns.Negotiations are continuing over whether to maintain Huntly’s generation capacity to ensure the electricity system has a buffer for energy security when the hydro la...

More Energy

Genesis expands solar pipeline with new Waikato project
News in Brief

Genesis expands solar pipeline with new Waikato project

Genesis Energy has announced plans to acquire and develop a solar farm in Waikato from PGP, an international solar farm developer.The consented site is at Rangiriri, between Auckland and Transpower’s planned new substation at Glen Murray and close to Genesis’ 200-megawatt-hour (M...

Contact Energy expands global investor base
Markets

Contact Energy expands global investor base

Contact Energy priced an inaugural €500 million (NZ$1.01b) 7-year senior bond under its Euro Medium Term Note (EMTN) Programme, it said Friday.“This marks a milestone in Contact’s funding strategy, expanding our global investor base and reinforcing our commitment to sustainable f...

Rebecca Howard 24 Oct 2025
Kominik resigns from Electricity Authority, will start review
News in Brief

Kominik resigns from Electricity Authority, will start review

Electricity Authority chair Anna Kominik has announced her resignation but will stay in the job until her successor is found.Energy Minister Simon Watts said Kominik will also start a board-led organisational review of the authority.The announcement follows the Government's r...

Ian Llewellyn 22 Oct 2025
Bioenergy policy points to obstacles to reach scale
Primary Sector

Bioenergy policy points to obstacles to reach scale

Wood energy could replace around 40% of fossil-fuelled process heat by 2050.

Ian Llewellyn 22 Oct 2025