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


Hurunui wind farm consented

Hurunui wind farm consented

The New Zealand Wind Energy Association (NZWEA) congratulates Meridian Energy on receiving consent for its proposed Hurunui Wind Farm in North Canterbury. The project was approved by the Environment Court earlier this week.

“It is evident from the decision that the Court has given careful consideration to the full range of issues raised by the community. It is a reasonable decision for both the community and the developer,” says Eric Pyle, Chief Executive of NZWEA. The Court approved 31 of the 33 proposed wind turbines.

“The project is a valuable addition to Meridian’s pipeline of projects. Hurunui is a solid option for new generation, even given the uncertainty in the electricity market and flat electricity demand,” said Mr Pyle. “The project is located in a region where there are transmission constraints and limited local generation. Wind is one of the lowest cost options for new generation in NZ. And if the forecasts related to the reducing cost of wind energy hold true, the wind could undercut existing thermal generation within a few years.”

Globally, wind is one of the leading sources of new electricity generation. A report released yesterday by the Global Wind Energy Council shows that 44.8 gigawatts of new wind generation was installed around the world in 2012. This is more than four times New Zealand’s total generation capacity. Steve Saywer, GWEC’s Secretary General recently commented that wind is now competitive in an increasing number of markets, despite fossil fuel subsidies which last year amounted to an incentive to emit CO2 of about $110 per tonne.

- ENDS -

© 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