Contact Energy in New Zealand is raising $NZ525 million to accelerate its renewable energy development plans, with a focus on infrastructure to support the country's growing electricity demand. The company's recent acquisition of Manawa Energy has added hydroelectric and geothermal stations, a grid-scale battery, and a solar farm to their portfolio. Contact Energy will be constructing a 200 MW/400 MWh battery and a 150 MW solar farm, with ongoing development of other renewable projects. This capital raise will fund further geothermal and solar projects, aligning with efforts to combat climate change and transition to cleaner energy sources for a more renewable, resilient, and affordable energy future.