Meridian goes ahead with Raglan wind farm

Meridian Energy has confirmed the go-ahead for Project Te Uku – a $200 million wind farm project near Raglan.

Part of a renewable energy plan, the project is consented and will be on private land on the Wharauroa Plateau, about 30km west of Hamilton.

Built in partnership with community trust-owned Waikato electricity distribution company, WEL Networks, the 64 megawatt (MW) wind farm will generate enough power to supply 30,000 homes.

Meridian chief executive Tim Lusk said the company was confident it was a sound investment proposition and conferred considerable benefits to Meridian as a South-Island based generator.

It was also efficient from a transmission perspective, embedded in the local network, he said.

Meridian was also investigating a possible windfarm site in South Wairarapa.


Got a question about this story? Leave it in Comments & Questions below.

This article is tagged with the following keywords. Find out more about MyNBR Tags

Comments & Questions

Commenter icon key: Subscriber Verified

Post New comment or question

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.

NZ Market Snapshot

Forex

Sym Price Change
USD 0.7045 -0.0024 -0.34%
AUD 0.9439 0.0040 0.43%
EUR 0.6409 -0.0021 -0.33%
GBP 0.5367 -0.0008 -0.15%
HKD 5.4637 -0.0186 -0.34%
JPY 74.4600 0.3320 0.45%

Commods

Commodity Price Change Time
Gold Index 1320.8 5.240 2016-07-26T00:
Oil Brent 45.2 -0.060 2016-07-26T00:
Oil Nymex 42.9 -0.220 2016-07-26T00:
Silver Index 19.7 0.030 2016-07-26T00:

Indices

Symbol Open High Last %
NZX 50 7310.4 7324.6 7310.4 -0.12%
NASDAQ 5143.8 5146.9 5110.1 0.32%
DAX 10314.4 10352.3 10247.8 0.70%
DJI 18473.3 18542.4 18473.8 -0.14%
FTSE 6724.0 6780.1 6724.0 0.39%
HKSE 22193.3 22277.2 22129.7 0.40%
NI225 16526.1 16821.4 16383.0 1.72%
ASX 5537.5 5564.6 5537.5 0.04%