Heavy industry in bid to accelerate renewable generation

Sun, 01 Sep 2019

By Gavin Evans Sept. 2 (BusinessDesk) - A group of the country’s biggest industrial electricity users are combining to see if they can accelerate development of new renewable generation capacity. Fonterra, New Zealand Steel, Refining NZ, Oji Fibre Solutions and Pan Pac Forest Products are working with the Major Electricity Users’ Group to test whether a long-term power purchase contract for part of their combined load can incentivise new investment at a material scale. MEUG chair John Harbord said that, while some renewables projects...

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