Brief: Meridian Energy Says Co And NZ Windfarms To Repower Te Rere Hau Wind Farm

NZ Windfarms

25/10/2023 20:42

Oct 26 (Reuters) - Meridian Energy Ltd  MEL.NZ :
    * MERIDIAN AND NZ WINDFARMS TO REPOWER TE RERE HAU WIND FARM
    * MERIDIAN AND NZ WINDFARMS HAVE AGREED TO FORM A 50-50
JOINT
VENTURE
    * MERIDIAN WILL LEAD REMAINING DEVELOPMENT ACTIVITIES AND
INTENDS
TO ENTER INTO A 15-YEAR POWER PURCHASE AGREEMENT
    * REPOWERING PROJECT HAS AN ESTIMATED CAPITAL COST IN ORDER
OF
NZ$500 MILLION TO NZ$600 MILLION
    * TE RERE HAU WIND FARM PROJECT INVOLVES DESIGN,
CONSTRUCTION,
OPERATION OF UP TO 39 NEW TURBINES, GENERATION CAPACITY OF UP TO
170 MW
    * PROJECT EXPECTED COMPLETION TOWARDS END OF 2027
    * FINAL INVESTMENT DECISION EXPECTED IN Q2 2025 AND EXPECTED
COMPLETION TOWARDS END OF 2027 FOR  REPOWERING PROJECT
    * INTENDS TO ENTER INTO A 15-YEAR POWER PURCHASE AGREEMENT
FOR ALL
OF ELECTRICITY PRODUCED FROM REPOWERED PROJECT

Further company coverage:  MEL.NZ 

 ((Reuters.Briefs@thomsonreuters.com;))