NZ Windfarms and Meridian Energy announce $500m-plus windfarm repower project

The Te Rere Hau windfarm is near Palmerston North. (Image: NZ Windfarms)

Thu, 26 Oct 2023

Meridian Energy and NZ Windfarms have agreed to form a 50-50 joint venture for a half-billion-dollar-plus project to repower and extend the Te Rere Hau windfarm near Palmerston North.As part of the deal, Meridian will take a 13% stake in NZ Windfarms, with an option to increase that to 19.99%. Meridian chief executive Neal Barclay will join the NZ Windfarms board.The New Zealand stock exchange-listed NZ Windfarms is offering existing shareholders around 39 million ordinary shares at $0.155 a share, recorded on Nov 3, raising up to around $6m. T...

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