Contact’s Manawa takeover: what you need to know

Contact's Clutha hydro assets generate most in summer, while Manawa's work hardest in winter (Image: BusinessDesk)

Wed, 11 Sep 2024

Contact Energy is pitching its full takeover of Manawa Energy as a swiftly earnings-accretive combination that will accelerate the smaller renewables generator’s plans, to the benefit of electricity prices and supply.The deal puts together Contact’s 8.6 terawatt hours (TWh) of installed generation capacity with Manawa’s 1.9TWh portfolio, entrenching Contact’s position as the country’s second-largest electricity producer at around 24% of total current generation capacity.It is betting that the Commerce Commission wi...

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