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.
Tag: New Zealand
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Vestas lands turbine order for landmark wind and green hydrogen refuelling network in New Zealand
New Zealand's Kapuni green hydrogen project has reached financial close and ordered four 6.4 MW wind turbines from Vestas, integrating wind energy, renewable electricity supply, and green hydrogen production at scale. The project includes a 25.6 MW wind farm and a 5 MW hydrogen electrolyser, supporting a national green hydrogen refuelling network. Located in Taranaki, the project will supply renewable electricity to the national grid and create economic opportunities through decarbonizing industry and building low-emissions energy systems. This initiative showcases a significant step towards sustainable energy solutions and demonstrates the potential for green hydrogen to play a key role in reducing carbon emissions and transitioning to a cleaner energy future.
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The Hydrogen Stream: Verna completes first two hydrogen pilot wells in Canada
Vema Hydrogen has completed two pilot hydrogen wells in Quebec, Canada, while Advait Greenergy and InSolare Energy are progressing on hydrogen projects in India. Canada and South Korea are discussing potential collaboration in auto manufacturing for Hyundai/Kia in Canada, with a focus on hydrogen energy. The University of Cagliari and the Indian Institute of Technology are collaborating on a research project on hydrogen energy systems. Hiringa Energy has reached Financial Close on the Kapuni Project in New Zealand, integrating wind, industrial renewable electricity supply, and green hydrogen production at scale. These developments highlight the importance of transitioning to renewable energy sources, such as solar power, to combat climate change and reduce greenhouse gas emissions. Policy support and investment in renewable energy technologies are crucial to accelerate the transition away from fossil fuels and meet global electricity demand with clean energy solutions.