Report paints picture of opportunity for offshore wind
Government underwrites seen necessary to de-risk huge capital investment required to development offshore wind farms, says PwC.
Sites off Taranaki, Waikato, Cook Strait and Foveaux Strait are being considered for wind farm development.
A report on the economics of offshore wind energy has found government underwrites are critical to financing the heavy capital cost of development.
The report by PwC was commissioned and funded by a group of New Zealand offshore wind developers, infrastructure providers, economic development
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