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

 

C&R Backs Affordable, Low Carbon Energy Future

The Communities and Residents (C&R) Entrust team backs the Auckland-based energy and infrastructure company Vector to accelerate the future of low carbon energy and deliver for its customers and shareholders, says current Entrust chairman and C&R candidate William Cairns.

"Vector and Entrust are at the forefront of the energy transition to a low carbon energy environment,” says Mr Cairns.

“Leading global partnerships with technology and cyber-security companies are developing new platforms and solutions unlike any other in New Zealand. Amazon has independently commended Vector’s future vision of energy systems and how these will navigate climate change and decarbonisation.

“Vector is also challenging itself with its own target of net carbon zero by 2030. It is a front-runner in evolving New Zealand’s energy infrastructure to deliver affordable energy in a commercial model, while delivering essential carbon reductions and returning profits back into the community.

“With active support from the C&R-led Entrust, Vector continues to invest in projects that directly matter to our customers and shareholders. In particular, it has built extensive solar solutions and micro-grids for our network’s resilience, deployed large-scale charging stations across Auckland, trialled the world’s largest EV smart control system, and worked with iwi on affordable and sustainable housing projects."

Vector’s growth and operating performance enables Entrust to distribute an annual dividend to beneficiaries through its 75.1% stake in Vector.

“Last year, 340,500 residents benefited by more than $95 million with Entrust dividends. It came at a critical time following the economic shock of Covid-19, and for many families, every dollar counts in the household budget.

“Our C&R Entrust team will continue to ensure strong financial governance that will deliver affordable energy costs, carbon reductions, and sustainable dividends for our beneficiaries,” says Mr Cairns.

Entrust was formed more than 25 years ago to ensure that stewardship over Auckland’s electricity network remains in the hands of Aucklanders. Entrust acts in the interests of its 345,000 families and businesses in Auckland, Manukau, northern Papakura and eastern Franklin.

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 


Statistics: Annual Inflation Hits A Three-decade High At 5.9 Percent
The consumers price index increased 5.9 percent from the December 2020 quarter to the December 2021 quarter, the biggest movement since a 7.6 percent annual increase in the year to the June 1990 quarter, Stats NZ said today... More>>



Digitl: Bumper year ahead for NZ IT sector

Gartner says New Zealand spending on technology products and services will grow 7.4 percent this year. The company’s latest forecast says the market will total NZ$15.3 billion in 2022... More>>



Fonterra: Lifts Forecast Farmgate Milk Price Range

Fonterra Co-operative Group today lifted its 2021/22 forecast Farmgate Milk Price range to NZD $8.90 - $9.50 per kgMS, up from NZD $8.40 - $9.00 per kgMS. This increases the midpoint of the range, which farmers are paid off... More>>



Skoltech: Study Probes Earth’s Turbulent Past To Explain Where Oceans Came From

The origin of water on our planet is a hot question: Water has immense implications for plate tectonics, climate, the origin of life on Earth, and potential habitability of other Earth-like planets. In a recent study in Physical Review Letters, a Skoltech professor and his Chinese colleagues suggest... More>>


Statistics: Household Net Worth Grows In The September 2021 Quarter But At A Slower Pace Compared To March 2021

Household net worth grew by $60.7 billion in the September 2021 quarter compared with the June 2021 quarter, Stats NZ said today. This represents an increase of 2.5 percent, a similar result to the June 2021 quarter, which was up $60.6 billion or 2.6 percent... More>>

TradeMe: Job Market Ends 2021 On A High With Record Number Of Vacancies
The New Zealand job market finished 2021 on a high note, with the ball still firmly in the job hunters’ court, according to the analysis of 69,600 vacancies listed on Trade Me Jobs for the quarter ending 31 December (Q4)... More>>