Meridian goes ahead with Raglan wind farm

Free audio stream, including stories that are padlocked on our site. Listen on any device, anywhere. Updated twice daily. The audio stream takes several seconds to start on Android devices.

Launch Radio player

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.


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 0.7590 0.0002 0.03%
AUD 0.9721 0.0032 0.33%
EUR 0.6968 -0.0004 -0.06%
GBP 0.5088 -0.0023 -0.45%
HKD 5.8837 -0.0004 -0.01%
JPY 90.3290 -0.1080 -0.12%

Commods

Commodity Price Change Time
Gold Index 1204.8 9.420 2015-03-26T00:
Oil Brent 59.2 0.230 2015-03-26T00:
Oil Nymex 51.4 2.240 2015-03-26T00:
Silver Index 17.1 0.140 2015-03-26T00:

Indices

Symbol Open High Last %
NZX 50 5833.2 5854.2 5833.2 0.36%
NASDAQ 4835.7 4889.2 4876.5 -0.27%
DAX 11920.2 11954.1 11843.7 0.22%
DJI 17716.3 17759.5 17718.5 -0.23%
FTSE 6895.3 6910.6 6895.3 -0.50%
HKSE 24541.4 24549.9 24497.1 -0.04%
NI225 19374.7 19590.0 19471.1 -0.95%