BlueFloat Energy pulls the plug on NZ offshore projects

BlueFloat had big plans for offshore wind in NZ. (Image: BlueFloat Energy)

Thu, 24 Oct 2024

Offshore wind developer BlueFloat Energy is pulling out of New Zealand, citing uncertainty over the allocation of seabed space here. Country manager Nathan Turner said that the decision was made after a strategic review.The Spanish-headquartered company planned two fixed-seabed offshore wind projects, one in south Taranaki and the other off the Waikato coast. Together, they would have generated 1.7 gigawatts of peak electricity.Trans-Tasman Resources (TTR) has been given fast-track approval to mine vanadium-rich iron sa...

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