Outlook for offshore windfarms not favourable

Offshore windfarms offer large generation potential, but come at a big cost. (Image: Supplied)

Thu, 07 Apr 2022

An energy sector analyst has expressed scepticism about plans for a large wind farm off the Taranaki coast.A Forsyth Barr report said it believed studies into the feasibility of the 1-gigawatt (GW) windfarm will find it is not cost-effective compared to alternative renewable generation projects.NZ Super recently announced it was forming a joint venture in what would be New Zealand's first offshore windfarm with an experienced international partner, Copenhagen Infrastructure Partners (CIP).The initial 1GW development would represent mor...

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