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


TrustPower Welcomes Mahinerangi Wind Farm Decision

Media Statement from TrustPower Limited
1 October 2007

TrustPower Welcomes Mahinerangi Wind Farm Decision

TrustPower has welcomed the Resource Consent application decision, giving its Mahinerangi Wind Farm the green light.

Chief Executive Keith Tempest says TrustPower will now wait until the appeal period is over, before reviewing the business case for the project and then progressing with detailed design.

“Wind farm construction is very dependent upon windows of opportunity, where things like exchange rate, turbine price and turbine availability all have to coincide, and until legislation is passed, there remains some uncertainty regarding the application of the proposed carbon trading regime. In addition, South Island projects such as this have the additional burden of having to overcome the hurdle of HVDC or Cook Strait cable charges, even although they are intended primarily to supply electricity to the local region.”

TrustPower’s proposed 200 MW Mahinerangi Wind Farm, which could ultimately supply enough electricity for 100,000 homes, is expected to be built in stages.

Due to its location adjacent to the lake supplying TrustPower’s four-station Waipori hydro scheme, the wind farm will allow TrustPower to make best use of both the wind and hydro resources. Because it will feed directly into existing line connected to Dunedin’s Halfway Bush substation, it will improve efficiency and security of supply, and free up electricity currently imported into Dunedin from Roxburgh and the Waitaki system for use elsewhere.

The total cost of the 200MW wind farm is expected to exceed NZ$400 million.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Banks: Westpac Keeps Core Government Transactions Contract

The local arm of Westpac Banking Corp has kept its contract with the New Zealand government to provide core transactions, but will have to share peripheral services with its rivals. More>>


Science Investment Plan: Universities Welcome Statement

Universities New Zealand has welcomed the National Statement of Science Investment released by the Government today... this is a critical document as it sets out the Government’s ten-year strategic direction that will guide future investment in New Zealand’s science system. More>>


Scouring: Cavalier Merger Would Extract 'Monopoly Rents' - Godfrey Hirst

A merger of Cavalier Wool Holdings and New Zealand Wool Services International's two wool scouring operations would create a monopoly, says carpet maker Godfrey Hirst. The Commerce Commission on Friday released its second draft determination on the merger, maintaining its view that the public benefits would outweigh the loss of competition. More>>


Scoop Review Of Books: She Means Business

As Foreman says in her conclusion, this is a business book. It opens with a brief biographical section followed by a collection of interesting tips for entrepreneurs... More>>


Hourly Wage Gap Grows: Gender Pay Gap Still Fixed At Fourteen Percent

“The totally unchanged pay gap is a slap in the face for women, families and the economy,” says Coalition spokesperson, Angela McLeod. Even worse, Māori and Pacific women face an outrageous pay gap of 28% and 33% when compared with the pay packets of Pākehā men. More>>


Housing: English On Housing Affordability And The Economy

"Long lead times in the planning process tend to drive prices higher in the upswing of the housing cycle. And those lead times increase the risk that eight years later, when additional supply arrives, the demand shock that spurred the additional supply has reversed. The resulting excess supply could produce a price crash..." More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news