Offshore income closing on 10% of Meridian's total, Trump helps smelter

Tue, 21 Feb 2017

By Pattrick Smellie Feb. 22 (BusinessDesk) - Meridian Energy's revenues from offshore activities are closing in on 10 percent of total income, with political uncertainty in Australia about the use of renewable energy offering both opportunities and risks for the Wellington-based renewable electricity generator and retailer. In the six months to Dec. 31, international income totalled $104 million, all but $2 million of which was earned in Australia from a combination of wind farm operations and the growth of its Powershop retail brand, whi...

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