Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Transpower welcomes wind farm development

Transpower welcomes wind farm development

Transpower, the owner and operator of the national grid, is welcoming Meridian Energy’s announcement that it is intending to develop a significant wind farm in the Manawatu.

“Transpower is pleased to see a renewable energy project progressing to the stage of seeking resource consent,” said Transpower’s chief executive, Dr Ralph Craven.

Te Apiti would be the first wind farm to be directly connected to the national grid. “Transpower recognises that it plays an important role in supporting the development of renewable energy,” Dr Craven said. “Interconnection of renewable generation through the grid provides security benefits which cannot be realised by stand-alone projects.

“Renewable generation is by its very nature somewhat unpredictable, given its reliance on natural resources – in this case, wind. But as part of a diverse range of generation options, wind power can play an important role in New Zealand’s energy portfolio. Transpower is committed to working with Meridian Energy to find the most appropriate technical solutions.

“Transpower recognises that developing new generation sources is of vital national importance,” Dr Craven said.

© Scoop Media

Business Headlines | Sci-Tech Headlines


Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>


Half A Billion Accounts: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>

Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>


Half Full: Fonterra Raises Forecast Payout As Global Supply Shrinks

Fonterra Cooperative Group, the dairy processor which will announce annual earnings tomorrow, hiked its forecast payout to farmers by 50 cents per kilogram of milk solids as global supply continues to decline, helping prop up dairy prices. More>>



Meat Trade: Silver Fern Farms Gets Green Light For Shanghai Maling Deal

The government has given the green light for China's Shanghai Maling Aquarius to acquire half of Silver Fern Farms, New Zealand's biggest meat company, with ministers satisfied it will deliver "substantial and identifiable benefit". More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news