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‘If it doesn’t work, we won’t do it’: Whineray on windfarms

Outgoing NZ Super Fund boss responds to questions about offshore windfarm economics.

WATCH: NZ Super Fund chief executive Matt Whineray speaks with Hamish McNicol.

Key points
  • Whats at stake: A large-scale offshore windfarm in the South Taranaki Bight, which could initially power more than 11% of the country’s current electricity demand capacity.
  • Background: Analysts at Forsyth Barr in August said offshore projects are too big and too expensive to work in the New Zealand market.
  • Main players: NZ Super Fund, Copenhagen Infrastructure Partners, Matt Whineray, Forsyth Barr.

The outgoing chief executive of the NZ Super Fund says it continues to scope a large-scale offshore windfarm in the South Taranaki Bight but the project could ultimately be ditched if the investment case didn’t stack up.

And he conceded that other projects around the world have been encouraged by

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Contact the Writer: Hmcnicol@nbr.co.nz
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Key points
  • Whats at stake: A large-scale offshore windfarm in the South Taranaki Bight, which could initially power more than 11% of the country’s current electricity demand capacity.
  • Background: Analysts at Forsyth Barr in August said offshore projects are too big and too expensive to work in the New Zealand market.
  • Main players: NZ Super Fund, Copenhagen Infrastructure Partners, Matt Whineray, Forsyth Barr.
‘If it doesn’t work, we won’t do it’: Whineray on windfarms
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