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
- Marlborough displaces Central Otago for best Pinot Noir in world competition
- Hellaby shareholder: Bapcor’s offer price is too low
- READER POLL RESULT: Who won the first presidential debate?
- Warminger complained of 'aggressive selling' in email to NZX
- Court rules against Chinese investor over $7.3m Auckland property deal
Most listened to
- Ironically, Trump showed the lack of stamina he had accused Clinton of, says NBR's Rob Hosking
- NZX market surveillance manager Fraser Wyeth gives evidence at the Warminger trial
- Hellaby shareholder Aaron Bhatnagar says why he thinks Bapcor's offer is too low
- No knockout blows in first presidential debate, says NBR's Nevil Gibson
- Intueri's problems raise questions for the board, says Martin Watson of the Shareholders Association