Genesis reports growth, starts Lauriston solar farm construction

Genesis has reported customer growth and an increase in retail electricity sales volumes for the third quarter of the 2024 financial year.

The Huntly Portfolio, meanwhile, provided generation flexibility during a period of gas market uncertainty and declining hydro storage.

Construction has also begun on the Lauriston solar farm, with first generation on track for the first half of the 2025 financial year.

In addition, work is ongoing on the battery project for the Huntly Portfolio, with the first stage targeted for a mid-year final investment decision.

The company's chief executive, Malcolm Johns, highlighted the importance of energy security in New Zealand's transition.

The commissioning of the Kupe KS-9 gas well is still ongoing, with completion now expected in late May.

The coal stockpile at Huntly has also declined.