Subscribe today - find out more
Why you should consider BusinessDesk
Energy

Meridian exits Australia in A$729m deal

Staff reporters
Mon, 22 Nov 2021

Meridian exits Australia in A$729m deal
Neal Barclay says the deal is an outstanding result for Meridian’s shareholders. (Image: Meridian)
Staff reporters
Mon, 22 Nov 2021
Meridian Energy is selling all of its Australian electricity sector assets, ending nearly two decades of investment in renewable wind and hydro generation and establishment of its retail brand Powershop across the Tasman.Today’s announcement follows a strategic decision earlier this year to examine an exit because of the “highly politicised” energy sector environment in Australia.The Australian arm of the multi-national oil company Shell will buy Meridian Australia’s 140,000-strong Powershop customer base while Infrastru...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Wakeup Call FREE
Wakeup call: NZ Bus up for sale
Bernard Hickey | Thu, 02 Dec 2021

Months after settling an extended industrial dispute with drivers in Wellington and being rebuked by its council clients, NZ Bus is being put up for sale again.

Property
Click & collect: Bunnings doubles profits to $52m
Brent Melville | Thu, 02 Dec 2021

Building supplies group Bunnings had a good year, with net income more than doubling on the strength of a resurgent construction and DIY market.

Technology
'It's a breach': Vax pass data data storage concerning for Māori
Henry Burrell | Thu, 02 Dec 2021

There is a concern for the offshore storage of covid vaccine data and national awareness of vaccine passes.  

Sponsored
Statutory reform can deliver momentum to land transport decarbonisation

To met the government's ambitious net carbon zero target, New Zealanders need to reduce their reliance on cars.

Sponsored
Mansons leads with 120% carbon offset for new builds

Mansons TCLM is committing to a benchmark of 120% carbon offset for new buildings.