Meridian: $10b to get to 100% renewable electricity

Wed, 12 May 2021

Meridian Energy says it will require about $10 billion of investment to reach the government’s target of renewable electricity generation by 2030, though it will be cheaper and more reliable if some gas or coal is still allowed as a backup.In written notes for a presentation to investors this week, Meridian outlined its thinking on the renewable electricity target and coping with dry-year risk.Newly committed wind and geothermal projects (2.7TWh) will move the system to 90% renewable over the next few years in a business as usual case.The...

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