After reporting a $121m loss for the half year to December, the renewable energy generator says critical gas shortages mean accessing more hydro storage should be a priority.
Revenue:up 6.8% to $2.26b in the half year to December.
Net loss:$121m, from profit of $191m a year earlier
Key takeaway:Bottom line hit with $441m expense from hedge contracts.
Electricity generator and retailer Meridian says it is “dusting off” hydro projects it hasn’t looked at it in years as a critical gas shortage changes the economics of renewable energy.
Meridian’s Waitaki and Manapouri hydro stations, combined with the Tekapo power stations owned by Genesis,
