Meridian thinking big after Crown's offer to co-invest

Meridian wants to get more water into Pūkaki. (Image: NZME)

Tue, 21 Oct 2025

Meridian Energy says the Government’s decision to allow Crown participation in new capital raisings could add momentum to large-scale hydro development for the first time in decades.At the company’s annual shareholder meeting in Wellington, chair Mark Verbiest called the policy shift “the biggest change to our capital investment settings since we were listed in 2013.”The change stems from the Government’s response to the Frontier Economics review of the electricity market, commissioned after the 2024 winter supply...

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