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.


ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Strike: Lyttelton Port Workers Vote To Escalate Dispute

Members of the Rail and Maritime Transport Union (RMTU) at Lyttelton Port today voted to escalate their industrial action. Around 200 RMTU members have been operating an overtime ban since 17 December and today they endorsed a series of full withdrawals of labour at the port. More>>

ALSO:

Scoop Business: NZ Dollar Falls To 3-Year Low As Investors Favour Greenback

The New Zealand dollar fell to its lowest in more than three years as investors sold euro and bought US dollars, weakening other currencies against the greenback. More>>

ALSO:

Scoop Business: NZ Govt Operating Deficit Smaller Than Expected

The New Zealand’s government’s operating deficit was smaller than expected in the first five months of the financial year as a clampdown on expenditure managed to offset a shortfall in the tax-take from last month’s forecast. More>>

ALSO:

0.8 Percent Annually:
NZ Inflation Falls Below RBNZ's Target

New Zealand's annual pace of inflation slowed to below the Reserve Bank's target band in the final three months of the year, giving governor Graeme Wheeler more room to keep the benchmark interest rate lower for longer.More>>

ALSO:

NASA, NOAA: Find 2014 Warmest Year In Modern Record

Since 1880, Earth’s average surface temperature has warmed by about 1.4 degrees Fahrenheit (0.8 degrees Celsius), a trend that is largely driven by the increase in carbon dioxide and other human emissions into the planet’s atmosphere. The majority of that warming has occurred in the past three decades. More>>

ALSO:

Scoop Business: New Zealand’s Reserve Bank Named Central Bank Of The Year

The Reserve Bank of New Zealand’s efforts to stifle house price inflation by using new policy tools has seen the institution named Central Bank of the year by Central Banking Publications, a publisher specialising in global central banking practice. More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news