Genesis Energy half-year profit falls 73 percent
The result comes on the back of the higher cost of generation, an outage at its major Huntly station, and lower gas production.
Source: rnz.co.nz
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NZ needs to up its power game this winter, Transpower warns
National grid operator Transpower says New Zealand needs to up its investment in flexible power systems if it is to meet increased demand this winter. The...
Source: nzherald.co.nz
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Genesis boss Malcolm Johns warns of risks in power system
Nine months into his job at the helm of Genesis Energy, Malcolm Johns — former chief executive of Christchurch Airport — says the level of risk inherent in...
Source: nzherald.co.nz
Genesis Energy has target of 95% renewable generation by 2035
The Huntly power station would still be needed for peak demand, but coal use would be reduced and replaced with biomass and possibly hydrogen, while gas would be needed for the transition, Genesis said.
Source: rnz.co.nz
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Genesis Energy to use Kupe profits for strategic reset
Genesis Energy said it planned to use profits from the Kupe gas field to support a $1.1 billion programme to build new renewable generation and grid-scale...
Source: nzherald.co.nz