Mercury commits to new generation despite uncertain winds

Mercury commits to new generation despite uncertain winds
Mercury’s wind generation produced 1,269GWh last year. (Image: NZME)
Ian Llewellyn
If the major power companies don’t start building new generation “we should expect someone else to do it for us”, said Mercury Energy boss Vince Hawksworth, a reference to the range of political and regulatory interventions the sector could face if it did not get building.Mercury has confirmed it will build a windfarm in Southland, despite major uncertainties in the energy sector, such as the future of the Tiwai Point aluminium smelter and the government’s proposed Lake Onslow pumped hydro project.It announced yesterday...

More Energy

Supplier signed up for $450m Cook Strait cable replacement
News in Brief

Supplier signed up for $450m Cook Strait cable replacement

Transpower has signed up global cable solutions supplier Prysmian for the $450 million job replacing the high voltage direct current submarine electricity cables linking the North and South Islands.The HVDC link, commonly referred to as the Cook Strait cable, is expected to come...

Ian Llewellyn 13 Dec 2024
Todd Corporation: the reset
Finance

Todd Corporation: the reset

Legacy gas assets will give way to a focus on solar electricity generation.

Pattrick Smellie 13 Dec 2024
NZGIF chair resigns as ministers look for change
Politics

NZGIF chair resigns as ministers look for change

Tarrant said she was 'respecting the ministers' desire for new leadership.

Ian Llewellyn 12 Dec 2024
Coal use for electricity generation increases 150%
Energy

Coal use for electricity generation increases 150%

Coal and reducing operations at NZ's largest energy users got us through winter.

Ian Llewellyn 12 Dec 2024