New Zealand: Energy

The big business question: How do we do it?
28 Apr 2008
New Zealand businesses might know that they need to do something about their environmental performance but most are struggling to know what, says a leading management consultant.

We're five times greener than the Aussies
28 Apr 2008
New Zealand businesses are almost five times "greener" than their Australian counterparts, with a new white paper finding more than half of Australian businesses have no policy to reduce energy use.

Greens cool down on coal, but still hot on emissions
24 Apr 2008
The Green Party says that closing down the coal industry will not be a bottom-line issue in post-election coalition talks - but genuine measures to cut greenhouse gas emissions will be.

Power struggle as top energy companies go to war
24 Apr 2008
Two of our biggest power companies are at war for the wallets of the rapidly growing green consumer market.

Welcome to the age of ‘black power’
24 Apr 2008
Genesis Energy might have won a round against rival TrustPower for the hearts and minds of green consumers, but it’s in danger of losing the war, warns long-time social trends analyst Jill Caldwell.

Christchurch centre starts probing methane absorbing gas molecules on sea floor
24 Apr 2008
The Centre for Advanced Engineering (CAE) in Christchurch has begun looking at the possibilities of methane-absorbing gas hydrates in New Zealand waters.

UN honours climate change ‘trailblazer’ Clark
24 Apr 2008
Prime Minister Helen Clark has been honoured as a Champion of the Earth by the United Nations for her work on climate change.

Green Party pledges to shut Huntly, hobble coal industry
23 Apr 2008
The Green Party is threatening to end thermal coal exports and close the Huntly coal-fired power stations.

It's not so bad - a Carbon News series on mitigating the impact of emissions trading down on the farm
22 Apr 2008
Fancy a wind turbine in the back paddock? It could be worth about $75,000 a year - a major boost to property profits.

The other side of the PI story: how environmental extremists are attacking NZ companies
21 Apr 2008
The private investigations firm which tried to recruit an environmentalist to provide information last night revealed to Carbon News that several companies in New Zealand are at significant risk from extremists.

Genesis to build new $420m thermal plant unless regulations say not to
18 Apr 2008
The absence of legal definitions of base-load and peaking power supply is behind Genesis Energy’s seeking resource consent for a new thermal power station north of Auckland, the Government’s planned 10-year ban not withstanding.

Carbon neutrality uncompromised by coal supply, Meridian says
18 Apr 2008
Meridian Energy’s carbon-neutral status is not compromised by its ownership of a coal-fired boiler that supplies heat to several Dunedin businesses, the state-owned company says.
Biofuels target of protests in UK
18 Apr 2008
London - There have been demonstrations in London and groups across the UK also protested against the introduction of mandatory biofuel blending.
Contact Energy not defying thermal ban
17 Apr 2008
Contact Energy’s acquisition of two additional 100mw gas-fired power generation turbines does not breach the Government’s 10-year ban on new thermal power generation, the company told Carbon News last night.

‘Mokihinui doomed by RMA if not by Mallard’
16 Apr 2008
Meridian Energy’s embarrassment over a negative biodiversity report on the state-owned electricity generator’s Mokihinui River hydro scheme means the Government will pull the plug on it, National Party energy spokesperson Gerry Brownlee says.

Labour’s energy strategy in tatters, Brownlee says
16 Apr 2008
The prospect of power cuts this winter in the context of the 10-year ban on new thermal power stations shows the Government’s energy strategy is in tatters, National Party energy spokesperson Gerry Brownlee told Carbon News last night.

Contact signs contracts in $250 million peaking plant project
16 Apr 2008
Two hundred megawatts of highly efficient gas-fired peaking capacity to support increasing levels of renewable electricity generation have come a step closer, with Contact Energy executing contracts to purchase two fast-start gas turbine peaking units.

MP: Parachutes coming out on bio fuel imports
15 Apr 2008
Special correspondent.- Members of Parliament on all sides of the fence are seeing the political fishhooks in the government’s desire to import biofuels.

Drought sparks winter electricity contigency planning
15 Apr 2008
Transpower says the electricity industryis contingency planning for what measures could be put in place this winter, if the current severe drought conditions continue and the hydro lakes remain low.

Thermal ban ‘will kill oil exploration’ – Todd
14 Apr 2008
Oil exploration off the Taranaki coast will be killed by the Government’s proposed 10-year ban on new thermal power stations, the chief executive of Todd Energy, Richard Tweedie, told Carbon News.

Forest and Bird supports request to call in Mokihinui consent
14 Apr 2008
Forest & Bird supports the request by West Coast councils for the Environment Minister to “call in” Meridian’s resource consent application to build a hydro dam on the Mokihinui River.
EXCLUSIVE: Cook Strait tidal test turbine gains resource consent
11 Apr 2008
A New Zealand marine energy industry has come a step closer with the granting yesterday of resource consent for a tidal flow turbine in Cook Strait.

New price control and investment law for utilities
11 Apr 2008
Infrastructure businesses like electricity lines companies and airports will gain improved incentives to innovate and invest while giving consumers protection from excessive prices and poor quality, under a Bill amending the Commerce Act introduced to Parliament yesterday.

Carbon neutrality? What about 400% electricity use cut instead?
11 Apr 2008
Wayne Norrie, chief executive of data centre outsourcing company Revera, says he’s totally frustrated by a less-than-holistic picture about carbon neutrality.

No European-like second phase windfall profits for NZ generators
10 Apr 2008
European electricity generators are in line for massive windfall profits of around $140 billion over the next four years, but their vastly more environment-friendly New Zealand counterparts can expect no such largesse.

Local authorities to get message on renewables
10 Apr 2008
The Government is to crack the whip over territorial authorities to ensure they get behind Labour’s goal of having 90% of the country’s power generation capacity from renewable sources by 2025.

Kiwi-based Windflow Technology does $12m plus turbine deal with Te Rere Hau
10 Apr 2008
Windflow Technology has received confirmation of an order for a further 16 Windflow 500 turbines.

US expert: No technical barrier to 20% wind power goal in NZ
10 Apr 2008
There are no fundamental technical barriers to the integration of 20% wind energy into the electrical system in New Zealand, according to a visiting US wind energy expert.

Contact No1 in electricity hedge market services
10 Apr 2008
New research has confirmed that Contact is rated number one in the delivery of electricity hedge market services.

BP warned of political troubles in West Papua LNG project
10 Apr 2008
Human rights groups have warned UK-based supermajor BP that the $6 billion Tangguh liquefied natural gas project in West Papua, risks becoming embroiled in the province's volatile politics.

Minister: There's a place for nuclear
7 Apr 2008
The UK’s Trade Minister says he knows New Zealand is a nuclear free society – “and I don’t want to interfere in your affairs” – but Britain sees a balanced approach to future energy sources, including nuclear, as the right solution.
Study confirms 50% CO2 reduction from use of home-grown biodiesel
7 Apr 2008
High-quality biodiesel from oilseed rape, grown and produced in the South Island by Biodiesel New Zealand, is sustainable, emitting around 50% less carbon dioxide over its life cycle than mineral diesel.

Carbon News discovers "book-and-claim" scheme answer to bio-fuels impasse
4 Apr 2008
A Dutch-style book-and-claim scheme might be the best way through the bio-fuels impasse in the emissions trading scheme (ETS) debate, according to both Bio-fuels Manufacturers Association chairman Dickon Posnett and the New Zealand chief executive of British Petroleum (BP), Peter Griffiths.

Mallard foreshadows easier planning path for renewables, attacks polluters
4 Apr 2008
The Government is developing a National Policy Statement on Renewable Electricity Generation.
Oil stocks agreement signed with the Netherlands
3 Apr 2008
New Zealand and the Netherlands signed a treaty today which allows New Zealand to hold some of its emergency oil reserves in the Netherlands.
No timeframe on exploiting southern lignite fields
2 Apr 2008
Solid Energy (SE) is going to use its huge Otago-Southland lignite coal resource eventually – it’s just not sure when, according to the state-owned collier’s chairman, John Palmer.

NZ Windfarms increases stake in WindPower Maungatua
1 Apr 2008
Dunedin – WindPower Maungatua Ltd announced today that NZ Windfarms Limited has increased its 16.7 per cent shareholding in WindPower Maungatua to 50 per cent.
Mighty River Power committed to new geothermal development
1 Apr 2008
Mighty River Power Chair Carole Durbin has announced her board's commitment to support a new $450 million geothermal development proposed at Rotokawa, north of Taupo, with the final decision subject to completion of procurement contracts.

Skids under government’s bio-fuels mandate
31 Mar 2008
It looks increasingly likely that the Labour-led Government’s mandate for petrol and diesel to contain 3.4% of bio-ingredients from July 1 will be shelved – possibly for as long as it takes to develop second-generation bio-fuels.

Parker pooh-poohs 50% power hike report
31 Mar 2008
Self-interest is behind warnings that the Government’s 10-year ban on the construction of thermal power stations will hike power prices 50%, Climate Change Minister David Parker says.

Bio-fuels threaten food catastrophe
31 Mar 2008
The world is now just two years away from a food catastrophe caused in part by diversion of land-use to feed cars rather than people, according to a leading Indian academic.

Environmental protests knock millions off Solid Energy's bottom line
26 Mar 2008
In a prescient remark, given Greenpeace’s blockage of the bulk coal carrier Hellenic Sea in Lyttelton a few hours later, Solid Energy chairman John Palmer has warned that customer uncertainty over the ETS is “raising the risk profile for the long-term security of Solid Energy’s domestic coal supply business.”
Meridian half-year profit $94 million - $175 million special dividend
26 Mar 2008
Meridian has reported a half-year after-tax result of $93.7 million for the six months ended 31 December 2007, compared with a restated profit of $116.6 million for the same period a year earlier.

Half year loss but Solid Energy forecasts profitability for full year
26 Mar 2008
Energy producer, Solid Energy New Zealand Ltd, has produced a net loss after tax of $2.7 million for the half year ended 31 December 2007.

Huntly sends electricity emissions into nosedive
20 Mar 2008
Genesis Energy’s new e3p combined-cycle gas turbine at Huntly slashed electricity generation emissions 10% in the 2007 December quarter compared to the same period in 2006, even though total thermal generation jumped 17%.
Queensland drives net solar cost down to under $1500 per household
19 Mar 2008
The announcement follows the inaugural meeting of the Premier’s Council on Climate Change, addressed by one of Australia’s greatest scientific minds, Dr Tim Flannery.

Government’s bio-fuel bubble fit to burst
17 Mar 2008
The bio-fuels bubble has exploded in the face of the Labour Government’s demand that they be incorporated into petrol and diesel mixes, according to the New Zealand chief executive of global energy giant British Petroleum (BP), Peter Griffiths.

Two marine energy fund applications
17 Mar 2008
Two applications have been received for the first $2m tranche of government grants under the Marine Energy Deployment Fund (MEDF).

EU pumps up minimum taxes for diesel to equal petrol
17 Mar 2008
Members of the European Parliament have decided the current EU-wide minimum rate of tax on diesel should be increased to match the current minimum rate for unleaded petrol, but no further.