Mercury delivers earnings, but little in new generation commitments

Buying Tilt's wind assets boosted Mercury's bottom line, but what about the future? (Image: Tilt)

Wed, 17 Aug 2022

Mercury Energy’s strategy to expand by buying assets has delivered higher profit and dividends for the company.However, yesterday's annual results announcement was light on detail about new generation prospects when indicators, such as high future electricity prices, point to a growing need for the major companies to commit to new projects.The report shows that in 12 months, Mercury went from having no wind farm generation to being the largest wind farmer in the country. Likewise, it overtook Genesis Energy as the gentailer (gene...

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