NZ Windfarms signs hedge for all its output

Mon, 29 Jul 2019

By Gavin Evans July 29 (BusinessDesk) - NZ Windfarms has signed a 15-month hedge on all the production from its Te Rere Hau wind farm near Palmerston North. The firm says the deal with a “major” New Zealand-based counter-party, takes effect from Oct. 1 and provides a quarterly fixed price on the variable production from the project. The company wouldn’t disclose the price or counter-party. Chairman John Southworth said the agreement reflects the changing dynamics of the wholesale electricity market and the move to de-carbonise energy p...

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