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18 May 2024

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CEN - Contact to revisit Wairakei development options
Contact has been working towards a final investment decision on GeoFuture - a new geothermal plant on the Wairakei steamfield, due to come online in FY27. The project has been undertaken with the objective of replacing the Wairakei geothermal power statio

MNW - FY24 market guidance update
Independent power producer and renewable energy developer Manawa Energy (‘Manawa’) advises that the company’s EBITDAF for the year to 31 March 2024 is likely to be in the range of $142m to $147m, above the previous guidance range of $120

MCY - Quarterly Operational Update
Inflows into the Waikato catchment remained very high for the quarter on the back of Cyclone Hale and the tropical atmospheric river experienced over Auckland Anniversary weekend

Google gives users more power over ads - how to access the new features
Google is giving you more control over what type of ads you see - and more power to ban certain topics altogether.The move comes at time when the company - along with its big tech peers - is under increasing pressure from regulators...

Robertson family to sell Wairarapa's Dry River Wines to Wellington businessman
The American family of the late billionaire Julian Robertson are selling the New Zealand winery investment business Dry River Wines to a Wellingtonian.Jay Robertson, chief executive of Robertson Lodges and a spokesman for the family,...

High rainfall helps Genesis upgrade earnings guidance by 10pc
Genesis Energy has upgraded its operating earnings guidance for the current year by 9.8 per cent due to higher inflows into its hydro dams over the first quarter.The power generator and retailer said it is now looking at earnings...

Tesla recalls 1.1 million cars to address glitch
Tesla will recall more than 1 million cars in America to address problematic power windows.The electric car manufacturer says 1,096,762 cars, which is roughly a third of all Teslas built to date, pose a risk to consumers through...

NZ's first not-for-profit power company Toast Electric to launch this month
By Lauren Crimp of RNZ New Zealand's first not-for-profit power company will launch in the Wellington region this month, aiming to reduce energy hardship.Toast Electric will use profits from "regular" customers to subsidise the...

Manawa Energy appoints GM Market Operations & GM People
Independent power producer Manawa Energy has made two new appointments to its management team with Richard Spearman appointed General Manager Market Operations, and Deborah Sinclair appointed General Manager People

Fisher Funds partners with NZX Wealth Technologies
18 December 2023 - Fisher Funds, which serves more than half a million clients with $23 billion in funds under management, has selected NZX Wealth Technologies’ platform to power their Private Portfolio Service

MCY - Amazon deal supports Mercury's renewables pipeline
Mercury has agreed a long-term Corporate Power Purchase Agreement with Amazon for renewable energy for their Auckland data centres, planned for launch in 2024

Kāinga Ora sued, accused of misusing market power over huge new Sunfield proposal
Land developer Winton has taken a claim that the Crown housing agency is engaged in anti-competitive conduct to the Auckland High Court.The proceedings follow Kāinga Ora's refusal in November last year to consider Winton's...

Govt's $21k power bill on evacuated Ministry of Education building
The Ministry of Education's head office in Wellington, which has been vacant for months, is still racking up thousands in power bills. Newstalk ZB can reveal $21,502 has been spent on electricity costs, since the building was evacuated...

UK's Harmony Energy wins approval for Waikato solar farm
UK-based Harmony Energy says it had been given approval to develop a solar farm in the Waikato which it says will generate electricity to power 30,000 homes.The company said the Environmental Protection Authority (EPA) had approved...

Transpower says there's enough power, but situation still 'tight'
National grid operator Transpower says there is enough power to see New Zealand through the current cold snap.While the situation was "tight", Transpower said it did not anticipate disruption to the grid.State-owned Transpower...