Meridian Energy commits $169 mln to new Wellington wind farm

Thu, 14 Jun 2012

By Pattrick Smellie June 15 (BusinessDesk) - Meridian Energy has given the green light to building a new $169 million wind farm in the Ohariu Valley between Wellington and Porirua cities, following the success of its West Wind development just to the south. The 26-turbine Mill Creek wind farm is expected to generate electricity from mid-2014 at the bottom end of the cost range for wind farms, making it competitive with new geothermal electricity generation at around $80 per Megawatt hour. The strong New Zealand dollar, weakening global stee...

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