Ryman Healthcare signs solar power agreement

Ryman is backing a Northland solar farm. (Image: NZME)

Wed, 08 Mar 2023

Ryman Healthcare has signed a power purchase agreement with Mercury Energy and Solar Bay to pay for all electricity generation from an under-construction Northland solar farm.The financial terms of the 10-year deal are confidential but it is for the Maungaturoto farm’s full generation output of nearly 30 million kilowatt hours a year, which was about Ryman’s full electricity demand.Solar Bay has estimated the Northland farm will cost $35 million to build.It is a ‘sleeve’ deal done through Mercury as Ryman’s retaile...

Subscribe to BusinessDesk

Stay informed on business, government and financial developments across New Zealand.

Deeply researched, twice-edited and fact-checked news
Annual subscribers also receive a complimentary subscription to The Wall Street Journal
Personalised email news alerts, plus gift up to 5 stories a month to non-subscribers

You can cancel anytime with two clicks, an email or a phone call.
Find out more.

We are serious about journalism.

Already a Subscriber ? Sign in here.

Name {{ registerForm.errors.get('name') }}

Email address {{ registerForm.errors.get('email') }}

Phone Number {{ registerForm.errors.get('phone') }}

Job Title {{ registerForm.errors.get('title') }}

Password Minimum password length of 8 characters.
Require at least one upper and lowercase, numeric, and special character. {{ registerForm.errors.get('password') }}

Repeat password {{ registerForm.errors.get('password_confirmation') }}

We had trouble validating your card. It's possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.

Credit Card

Cardholder's name

{{ __(plans[index].name) | capitalize }} {{ plans[index].attributes.old_price | currency }} {{ plans[index].price | currency }}

All subscriptions auto renew but are easy to cancel.

I Accept The Terms Of Service

{{ registerForm.errors.get('terms') }}

Tax: {{ taxAmount(selectedPlan) | currency }}

Total Price Including Tax: {{ priceWithTax(selectedPlan) | currency }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerSeat ? '/ '+ spark.seatName : '' }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerTeam ? '/ '+ __('teams.team') : '' }} / {{ __(selectedPlan.interval) | capitalize }}

On the Money

On the Money: Jason Paris, Carmen Vicelich, and more

One NZ's Jason Paris gets a little excited, Carmen Vicelich on the catwalk, and more.

Dileepa Fonseka 30 Aug 2025

Technology Opinion

Doubts about SpaceX’s dominance? Look at this

The success of the Starship test brings Musk’s dream of reaching Mars closer to reality.

Bloomberg 30 Aug 2025

Doubts about SpaceX’s dominance? Look at this

World

If Trump fails at peace in Ukraine

A war Vladimir Putin can’t figure out how to end is likely to get bigger eventually.

The Wall Street Journal 30 Aug 2025

Sponsored

A two-track approach to cracking NZ’s EV charging puzzle

Z Energy aims to support easing adoption bottlenecks by targeting the distinct needs of habitual and journey EV drivers.

Z Energy

Sponsored

AI efforts risk failure without clear business goals – Spark

It’s time for New Zealand businesses to move beyond AI experiments and start delivering measurable value.

Spark

More Energy

Markets

Market underwhelmed by Genesis outlook

The company says it’s still on track for $500m+ ebitda in FY28.

Pattrick Smellie 26 Aug 2025

News in Brief

Vector takes $37 million impairment

NZX-listed energy distributor Vector took a $37 million impairment in its latest result to reflect fewer gas connections and “significant market uncertainty” over future gas supply.The impairment reflected forecasts in the company’s gas asset management plan that showed total con...

Staff reporters 25 Aug 2025