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

 

Meridian adds more renewable energy to Lake Pukaki

Meridian adds more renewable energy to Lake Pukaki
20 November 2019

Meridian Energy is increasing New Zealand’s renewable energy potential by unlocking access to additional storage at Lake Pukaki, the country’s largest storage lake. Access to the extra storage at Lake Pukaki, when Transpower declares dry conditions, could provide enough electricity to power the equivalent of around 50,000 homes.

Meridian Chief Executive, Neal Barclay, says “As a 100 percent renewable energy generator it’s our mission to continue to grow New Zealand’s renewable energy and to reduce our reliance on fossil fuels.”

Under existing resource consents Meridian has for some time had approved access to 545GWh of storage in Lake Pukaki during dry conditions.
However engineering and operational constraints have to date limited how much of this could actually be used. A recent engineering review has seen Meridian look at and re-evaluate those constraints and Meridian now believes access to the remaining 367GWh is feasible.

“We’ve unlocked a significant opportunity to bolster the country’s renewable advantage under our existing consent. So, Aotearoa’s largest battery just got bigger,” adds Barclay.

This additional storage will be incorporated in Meridian’s operations in the near future, subject to operational flow constraints at low lake levels.

“This is great news for our team who have worked hard to overcome these engineering constraints and maximise on our renewable advantage.”

ENDS

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Primary Sector Council Report: Vision To Unite The Primary Sector Launched

Agriculture Minister Damien O’Connor has welcomed the release of a bold new vision for the country’s vital food and fibre sector. More>>

ALSO:

Crown Accounts: Treasury HYEFU Sees Deficit Then Rising Surpluses

An operating balance before gains and losses deficit of $0.9 billion is forecast in the current year, before returning to a small surplus in 2020/21 which then grows to reach $5.9 billion (1.5% of GDP) in 2023/24. More>>

ALSO:

Fuels Rushing In: Govt "Ready To Act" On Petrol Market Report

The Government will now take the Commerce Commission’s recommendations to Cabinet...
• A more transparent wholesale pricing regime • Greater contractual freedoms and fairer terms • Introducing an enforceable industry code of conduct • Improve transparency of premium grade fuel pricing... More>>

ALSO:

Reserve Bank Capital Review Decision: Increased Bank Capital Requirements

Governor Adrian Orr said the decisions to increase capital requirements are about making the banking system safer for all New Zealanders, and will ensure bank owners have a meaningful stake in their businesses. More>>

ALSO: