New Zealand: Energy
Greenpeace slams plans for LNG import terminal
27 Aug 2024
Greenpeace has slammed the government’s plans for an LNG fossil gas import terminal.
Gentailers report mixed results amid pricing concerns
27 Aug 2024
Three of the four gentailers reported mixed results last week amid serious concerns about current wholesale electricity prices and long-term pricing.
NZ and UK set to partner on offshore wind
26 Aug 2024
Favourable winds may see New Zealand collaborating with the UK on renewable offshore power generation.
Gas deal done
20 Aug 2024
Methanex took one for the team and a hefty pay check when it closed down operations to sell a large amount of gas for Contact and Genesis.
Electricity Authority looks for answers at ‘tricky stage’ in energy transition
15 Aug 2024
The Electricity Authority says this week it will consider more possible regulatory interventions and release more data on wholesale electricity price volatility.
What can govt do about electricity sector's 'perfect storm'?
13 Aug 2024
As shortages of gas and water drive wholesale electricity prices to never seen before levels, the question is what, if any, interventions politicians might make.
Hope or hype? NZ needs to be realistic about the clean energy potential of green hydrogen
5 Aug 2024
By Ian Mason and Robert McLachlan | The recent failure of a deal to deliver hydrogen-powered trucks to New Zealand, and the removal of a NZ$100 million government rebate scheme for green hydrogen users in the 2024 budget, make a transition to the much-lauded energy technology increasingly less certain.
Meridian plans to ramp up new generation
8 Jul 2024
Meridian’s first investor day in three years was mainly an update on how it saw the sector and its business after the Tiwai Point smelter deal was finalised.
Govt restoring legal requirement to promote mining
13 Jun 2024
The government’s proposed reform of the Crown Minerals Act goes further than just repealing the 2018 ban on new petroleum exploration outside onshore Taranaki.
Climate activists force conference to move online
10 Jun 2024
A planned blockade by climate activists has forced organisers to cancel in-person elements of the Energy Resources Taranaki Forum, scheduled to take place on June 12.
Tiwai deal could lead to multi-billion dollar govt carbon pollution subsidy
5 Jun 2024
Rio Tinto could get close to a million free carbon credits each year under its new electricity supply deal for Tiwai Point Aluminium Smelter - a government subsidy that could amount to a possible $2 billion during the 20 year life of the deal, according to campaigners.
Rain brings relief to hydro lakes
24 Apr 2024
Recent heavy rain over the southern hydro lakes has given much needed relief as the major electricity companies reported on their performance to date.
NZ needs to electrify faster - gentailers
9 Apr 2024
MPs have agreed with concerns that if New Zealand does move faster to electrify the economy there will be consequences - including the cost of not meeting greenhouse gas emission reduction targets.
Offshore wind could create 10,000 jobs and add nearly $50b to GDP - study
20 Mar 2024
Developing an offshore wind energy industry will play a critical role in helping Aotearoa meet rising demand for clean energy as well as net zero commitments, according to a new study released today.
It’s now cheaper for Kiwis to go fully electric
18 Mar 2024
New Zealand is one of the first places in the world where electric appliances and vehicles are now more affordable than their fossil fuel equivalents, according to a new report.
Commerce Commission approves Transpower grid investment
5 Mar 2024
The Commerce Commission has approved Transpower’s proposed $392.9 million investment in the national grid, and is satisfied that the identified need to strengthen the electricity transmission system over the next decade is in the long term interests of Kiwi consumers.
Tiwai Point’s future still in question
4 Mar 2024
For those waiting for news about an agreement on Tiwai Point aluminium smelter's electricity supply, there were very few smoke signals from the major companies' half-year earning results.
Lodestone opens first North Island solar farm
1 Mar 2024
Lodestone Energy has flicked the switch on at its first solar farm in Kaitaia, and announced a further $55m capital raise to continue its solar farm expansion.
Genesis reflects on bad spell and the future
28 Feb 2024
Genesis Energy says it will decide by the end of the year about whether it is possible to use biomass at the Huntly power station.
Genesis plans $1.1 billion spend on renewables - while still relying on fossil fuels
4 Dec 2023
Genesis Energy has unveiled its plans to find a way forward using profits from the Kupe field to refresh Huntly as a lynchpin in the electricity network as it pushes towards 100% renewables.
Energy regulators must consider climate - Transpower
15 Nov 2023
The energy sector’s regulators need to be given explicit requirements to include climate change as part of their regulatory considerations, says Transpower.
Commerce Commission should expect backlash from lines companies
9 Nov 2023
There is likely to be a strong backlash from the regulated lines companies at the Commerce Commission’s initial views on their revenue path from 2025 to 2030.
Energy companies team up on windfarm ventures
27 Oct 2023
Manawa Energy is teaming up with Pioneer Energy on plans for a new 300 MW wind farm in South Otago, expected to cost $750m to $900m. And Meridian Energy and NZ Windfarms have agreed to a 50-50 joint venture to repower and extend the Te Rere Hau wind farm in Tararua.
Fossil fuels drag down Genesis Energy share price
24 Oct 2023
Genesis Energy told shareholders that its involvement with fossil fuels was a drag on its share price, but the market was slowly realising the role gas had in backing up renewable electricity for a long time to come.
Meridian looks at offshore wind - warns about ETS
17 Oct 2023
Meridian Energy has signed a memorandum of understanding with European-based Parkwind to explore offshore potential focused principally on the Taranaki coast and is still optimistic about getting its hydrogen project over the line.
National's offshore wind policy
16 Oct 2023
National has pledged to introduce an offshore wind regime that largely builds on work underway in the Ministry of Business, Innovation and Employment, but with a few nuances.
Generators worry about thermal transition
11 Oct 2023
A number of major generators have taken issue with the Electricity Authority’s view that the risks around the thermal generation transition and managing dry years are low.
Outgoing EECA boss on energy efficiency policy
25 Sep 2023
Despite the rapid expansion of the Government’s retrofitting housing for energy efficiency, there is still easily five years of work at the current pace to make a serious dent in improving New Zealand’s housing stock, says the outgoing head of the Energy Efficiency and Conservation Authority Andrew Caseley.
Green investment fund leads $170 million capital raise for solar
21 Sep 2023
New Zealand Green Investment Finance (NZGIF) has led a $170 million capital raise attracting international investors to launch its solar finance programme.
Renewable electricity at record high
15 Sep 2023
Renewable electricity generation was at 91% for the June 2023 quarter - up 10% on the previous June.
Commerce Commission issues 'please explain' to fuel companies over pricing
12 Sep 2023
The Commerce Commission is seeking an explanation from the major fuel companies about anomalies in retail fuel pricing over the first year of monitoring under the new Fuel Industry Act regulatory regime.
Channel Infrastructure’s profit increases, looks to a future in jet fuel
8 Sep 2023
Channel Infrastructure reported increased profit and forecast higher dividends as it released its results for the six months ended 30 June 2023.
NZ Oil and Gas reports higher production
5 Sep 2023
New Zealand Oil & Gas reported a $19.1 million net profit after tax for the year to June 30, down from the previous year’s $25.7m, reflecting spending associated with increasing oil and gas production.
Solar promises slowly rise
28 Aug 2023
After much talk and numerous announcements and re-announcements, it appears some grid-scale solar farms are finally nearing completion and others crawling closer to starting.
Analysts predict carbon price will hit $140 by 2050
25 Aug 2023
Analysts are predicting the spot price of NZUs will rise to $150 by 2050 - a level they say will negatively affect some of New Zealand’s big energy gentailers and encourage behavioural change from carbon polluters.
Renewables at record high - MBIE
18 Aug 2023
Eighty-seven per cent of electricity generated over 2022 came from renewable sources, while total energy supply from renewables reached 44% - a record high according to the Ministry of Business, Innovation and Employment (MBIE).
Hydrogen summit coming to Wellington
15 Aug 2023
New Zealand’s second international hydrogen summit, in Wellington next month, will feature international speakers representing global shipping and aviation.
Electricity markets paper brings back some old ideas
14 Aug 2023
Radical electricity market reforms including the separation of the major gentailers and the creation of a single buyer are two of the many, many options put forward in one of the Government's Energy Strategy consultation papers.
$2 billion climate fund to back 100% renewable electricity
9 Aug 2023
Investment giant BlackRock has announced a $2 billion climate infrastructure fund in New Zealand to unlock investment to support 100% renewable electricity generation.
Investment positive - but still hurdles to overcome to reach renewable electricity target
9 Aug 2023
By Ralph Sims | It’s been a good week for encouraging the uptake of renewable electricity generation in order to get closer to the Government’s 100% target by 2030.
Govt refers wind and solar developments for fast-tracked consenting
8 Aug 2023
The government is fast-tracking nine solar power projects and three wind farm projects, with the combined projects potentially generating nearly four times the output of the Clyde Dam.
Additional funding for energy centre
25 Jul 2023
The government has announced an additional $70 million of funding for Ara Ake future energy centre over ten years.
The world should fast track green energy. But not because of climate change
5 Oct 2022
A rapid transition to green energy is likely to save the world trillions of dollars compared to sticking with the current fossil fuel-based energy system, according to a new analysis.
Infra Com hot on renewables, cool on Onslow
13 Jun 2022
By Ian Llewellyn - Energy & Environment | The Infrastructure Commission believes that New Zealand has more than enough natural renewable energy resources to power the country’s zero carbon emissions goals.
The clean energy transitions enters hyperdrive
29 Nov 2021
After decades in which governments and industry groups have often assumed that the shift to renewable energy will be a financial burden, economists and analysts are increasingly making a case that the opposite is true: The transition will lead to cost-savings on a massive scale that will add to its momentum.
Green hydrogen’s falling costs undermines case for blue hydrogen
29 Sep 2021
New research predicts that green hydrogen — a clean fuel produced from water using renewables — will be comparable in cost and likely cheaper than blue hydrogen by 2030.
Getting fuel prices right is key to reducing carbon emissions: IMF
27 Sep 2021
Global fossil fuel subsidies amounted to $6 trillion in 2020, with more than 70 per cent reflecting "undercharging" for environmental costs, which makes it imperative to set the right price for fuels to reduce carbon emissions, the International Monetary Fund has said.
Coal prices surge as power crunch upends effort to cut emissions
22 Sep 2021
Prices for coal are surging around the world as a shortage of natural gas spurs demand for the dirtiest fossil fuel to generate electricity.
New Norwegian wind turbine five times more efficient
14 Sep 2021
Norwegian company Wind Catching Systems is developing a floating, multi-turbine technology for wind farms that could generate five times the annual energy of the world’s largest, single wind turbine.
G20 climate and energy ministers split over coal exit
27 Jul 2021
China, Russia and India are among countries resisting a timeline to phase out coal power generation, leaving it to leaders to resolve the impasse.
Green's anti-mining bill drawn from ballot
11 Apr 2025
The Green Party's Crown Minerals (Prohibition of Mining) Amendment Bill has been drawn from the ballot and will be debated in Parliament.
Fonterra linked to illegal deforestation, claims Greenpeace
5 Mar 2025
Dairy giant Fonterra's supply chain is linked with illegal deforestation, according to Greenpeace Aotearoa, after New Zealand's major importers of palm kernel have been found to be illegally operating palm plantations in Indonesia.
NZ's emissions fell 2% in 2023 - latest GHG inventory
15 Apr 2025
Aotearoa New Zealand’s gross greenhouse gas emissions reduced by 2% in 2023, according to the latest greenhouse gas inventory.
Peters unveils plans for rail-enabled interisland ferries
1 Apr 2025
Two new rail-enabled ferries will arrive by the end of 2029, but the costs remain under wraps.
Commissioner calls for urgent reform of carbon forestry in ETS
10 Apr 2025
The Parliamentary Commissioner for the Environment is calling on the Government to remove forestry from the New Zealand Emissions Trading Scheme, warning that the country’s flagship climate policy is entrenching risky land use decisions and undermining long-term emissions reductions.
Govt needs to look at alternatives to free pollution credits for industrial emitters: Commission
11 Apr 2025
The Climate Change Commission says there are “legitimate questions” about hundreds of millions of public money spent on free carbon credits for polluters, and the government should be looking at alternatives.
