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

 

Decision broadens options for low cost electricity

25 February 2011

Decision broadens options for low cost electricity

“The Board of Inquiry’s draft decision for the proposed Hauāuru mā raki wind farm will help to ensure that New Zealanders continue to benefit from low cost, renewable electricity,” says Fraser Clark, Chief Executive of the New Zealand Wind Energy Association.

“If this draft decision is confirmed, the proposed wind farm will become a viable option that can be considered against other projects as and when new generation is required,” says Mr Clark.

There is strong recognition that wind provides a viable source of electricity generation. Wind already provides around 4% of New Zealand’s electricity. Installed wind capacity will increase by around 25% this year as new projects like Te Uku and Mahinerangi come online.

New Zealand’s electricity demand is expected to grow on average 1.4% each year to 2030, even with electricity efficiency measures.

“Strong global competition between wind turbine manufacturers and ongoing improvements in turbine technology are making a wider range of wind energy projects such as Hauāuru mā raki increasingly attractive for meeting this growing demand.” says Mr Clark.

“As wind farms have no fuel costs and create no carbon emissions, New Zealand’s new wind farms and potential projects such as Hauāuru mā raki will result in cost-effective generation for the next 20 years and beyond,” concludes Mr Clark.

ENDS

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Reserve Bank: Policy Lessons From A Year Of Covid-19

The Reserve Bank of New Zealand – Te Pūtea Matua was in a sound position to continue to meet its mandate in the face of the COVID-19 induced economic shock. However, we must continue to transform so as to remain relevant and effective in addressing longer-term challenges, Reserve Bank Governor Adrian Orr said... More>>


Transport Industry Association: Feb 2021 New Vehicle Registrations Strongest On Record

Motor Industry Association Chief Executive David Crawford says that the February 2021 figures are the strongest for the month of February ever. Registrations of 12,358 were 8.0% up on February 2020. Year to date the market is up 7.1% (1,735 units) compared to the first two months of 2020... More>>

Paymark: Lockdown Equals Slowdown For Some

The three days of lockdown for Auckland earlier this month made a clear impression on our retail spending figures. While only Auckland moved into Level 3 lockdown, the impact was felt across the country, albeit at different levels. Looking at the ... More>>

Infrastructure Commission: Te Waihanga Releases Report On Water Infrastructure

The New Zealand Infrastructure Commission, Te Waihanga’s latest discussion document highlights the importance of current reforms in the water sector. Its State of Play discussion document about water infrastructure is one of a series looking at the ... More>>


OECD: Annual Inflation Picks Up To 1.5% In January 2021 While Euro Area Records Sharp Increase To 0.9%

Annual inflation in the OECD area picked up to 1.5% in January 2021, compared with 1.2% in December 2020. Following a rebound between December and January, the annual decline in energy prices was less pronounced in January (minus 3.9%) than in December... More>>


Hemp Industries Association: Could The Next Team NZ Boat Be Made Entirely Of Hemp?

With The America’s Cup due to start in a few days’ time, innovators from a very different sphere have been wondering how long it could be before New Zealand could be competing in a boat entirely built from hemp, with the crew eating high-energy, nutritious hemp-infused foods and wearing high-performance hemp kit..? More>>


ACT: Matariki Almost A Half Billion Dollar Tax On Business

“Official advice to the Government says an extra public holiday at Matariki could cost almost $450 million,” ACT Leader David Seymour can reveal. “This is a perfect example of the Prime Minister doing what’s popular versus what’s responsible. ... More>>

Genesis: Assessing 6,000 GWh Of Renewable Generation Options For Development By 2025

Genesis is assessing 6,000 GWh of renewable generation options for development after starting a closed RFP process with 11 partners. Those invited to participate offer a range of technologies as Genesis continues to execute its Future-gen strategy to ... More>>