UPDATE: Mercury commits to $256 mln Turitea wind development

Wed, 27 Mar 2019

(Adds company comment from sixth paragraph.) By Gavin Evans March 27 (BusinessDesk) - Mercury NZ plans to start site works for a $256 million wind farm south-east of Palmerston North in August. The company plans to install 33 Vestas turbines – each with 3.6 megawatt capacity – at the company’s consented site at Turitea on the Tararua Range. The turbines are expected to deliver about 470 gigawatt-hours of electricity annually and will earn Mercury about $30 million a year, assuming an average generation price of $75/MWh. The total proje...

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