Mercury touts strong balance sheet as earnings rise
Investment in renewable generation a continuing theme in gentailer results.
Mercury’s $486m Kaiwera Downs Stage 2 wind farm is due to begin generating this year.
Like its rivals Contact and Genesis, electricity generator and retailer Mercury highlighted renewable generation investments at its half-year result but there was no matching capital raise announcement.
“Our balance sheet remains strong, with capital headroom and prudent risk settings,” said
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