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

 

Mighty River Power purchasing leading solar company

Mighty River Power purchasing leading solar company

Mighty River Power Chief Executive Fraser Whineray said while solar is a niche renewable energy technology, it is becoming an increasingly popular choice for New Zealand home owners and businesses.

New Zealand already has a world leading position with 80% renewable electricity generation, supported by Mighty River Power’s 100% renewable hydro and geothermal generation. Solar, which accounts for less than 1% of generation in New Zealand, is complementary to the country’s hydro, geothermal and wind resources, he said.

“We know a number of Kiwis are looking at solar to complement grid-connected electricity. In the last two years solar installations have increased fourfold up from around 2000 in January 2014 to more than 8000 now. We are excited to be adding proven solar technology and installation expertise to our business, and be able to introduce a solar offering for our customers through Mercury Energy, our retail brand, in the near future,” Mr Whineray said.

Auckland-based WPC also has expertise in solar installation outside of New Zealand, particularly in the Pacific, delivering both on and off grid solutions with storage, including the Fred Hollows Foundation Eye Hospital in the Solomon Islands, and commercial solar solutions for the Auckland Museum and Air New Zealand.

Company founder Dave Keppel will remain with WPC as General Manager, continuing to oversee operations on a day-to-day basis. Matt Olde, Chief Executive of Mighty River Power’s metering business, Metrix, will be responsible for the solar business.

The purchase is due to settle at the end of February 2016. The purchase price is not a material amount for Mighty River Power.

About What Power Crisis:

WPC was established in 2005 and carries out residential and commercial solar PV installations throughout New Zealand and the Pacific Islands, including the 50kWp system on the Auckland War Memorial Museum installed in 2014.

A recognised industry leader, Dave Keppel received the ‘Supreme Award – Industry Person of the Year’ at last year’s Sustainable Electricity Association of New Zealand (SEANZ) Excellence in Solar Industry Awards. WPC also received an award at the SEANZ event for its solar PV installation at the Fred Hollows Foundation Eye Hospital in the Solomon Islands.

ENDS

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 


Westpac NZ: Warns About Sophisticated New Scam
Westpac NZ is warning New Zealanders about a sophisticated new scam that involves a fake Westpac investment prospectus.
The prospectus is formatted to resemble a Westpac document and includes professional-looking imagery... More>>



Campaign For NZ Coastal Tankers : Says Fuel Security At Risk

Three unions representing New Zealand shipping crews are mounting a united campaign to protect New Zealand’s fuel security and save New Zealand coastal tankers... More>>



Tourism: Travel Bubble With Cook Islands Resumes

Cook Islands tourism restarts today, ending a five-month border closure due to COVID-19. Graeme West, General Manager Australasia for Cook Islands Tourism Corporation, said today’s first flight of quarantine-free travel from New Zealand to the Cook Islands is very significant... More>>


Insurance Council of New Zealand: September South Island Windstorm Cost $36.5 M Raises 2021 Extreme Weather Claims Total To $321.6 M

Gale force winds and storms between 9 and 13 September 2021 resulted in insurers supporting communities to the tune of $36.5 m. This is a significant rise, of $16.7 m, on preliminary figures for the event and lifts the end of year total for all extreme weather events in 2021 to $321.6 m... More>>


Statistics: Building Consents Hit New Highs In November
There were a record 48,522 new homes consented in the year ended November 2021, Stats NZ said today. This was up 26 percent compared with the year ended November 2020... More>>

Fonterra: Revises Milk Collection Forecast
Fonterra Co-operative Group Limited today revised the forecast for its 2021/22 New Zealand milk collections to 1,500 million kilograms of milk solids (kgMS), down from its opening forecast of 1,525 million kgMS... More>>