NEWS
Mercury revises FY2025 EBITDAF guidance down $60m
Mercury has revised its FY2025 EBITDAF guidance from $820 million to $760m – a $60m drop. This reflects an expected 150GWh decrease in full year hydro generation to…
Mercury
NEWS
Mercury’s Kaiwakawe wind farm sod turning
Energy minister Simon Watts and Mercury chief executive Stew Hamilton ceremoniously broke ground on the $287 million Kaiwaikawe wind farm near Dargaville. The 77MW (221GWh pe annum) wind…
NEWS
Northland wind farm helps Mercury’s $1b commitment to new renewable energy
Mercury says it will construct a $287 million Kaiwaikawe Wind Farm near Dargaville in Northland, bringing its total commitment to new renewables to more than $1 billion over…
NEWS
Mercury warns electricity prices may rise
Hints of possible electricity price increases are in Mercury’s quarterly update for the three months ended September 30, 2024. Mercury says near record low national hydro storage and…
NEWS
Mercury results unlock about $1b investment
Mercury progressed major renewable projects in FY24. “We’ve continued to deliver more renewable generation for New Zealand this year,” says Mercury chief executive Vince Hawksworth. “This includes $700…
NEWS
Renewables underpin Mercury’s growth
Mercury has delivered more renewable generation in the first half of 2024. “The renewable energy sector is undergoing transformational growth, and we are part of that change,” says…
NEWS
Mercury picks plenty of hydro power
Strong hydro flows at the end of last year and into January ensure healthy storage leading into Q3FY24, says Mercury. Its quarterly operational update to December 31, 2023,…
NEWS
Mercury’s Kaiwera Downs windfarm opens
Mercury has opened stage one of the Kaiwera Downs windfarm. The 10 turbine 43MW wind farm will have147GWh annual generation, adding enough renewable energy to power more than…
NEWS
Cities drive electricity demand, says Mercury
National electricity demand was 0.5% higher for the three months ended September 30, 2023, says Mercury in its quarterly operational update. It attributes the increased demand mainly to…
NEWS
Mercury confirms $220m Nga Tamariki geothermal station expansion
Mercury says it will add a fifth generating unit at its Nga Tamariki geothermal station, boosting generation output by 46MW (390GWh annual The expansion will cost $220 miillion…