Mercury NZ needs to participate in wind development if it is to materially benefit from the shift to renewables, but says it’s too early to say how its investment in Australia’s Tilt Renewables will play out.
The timetable for offering new onshore exploration acreage appears to be slipping as the government looks at ways to protect itself from potential legal challenges.
Higher fuel prices continued to squeeze margins in the second quarter as the prices paid by producers lifted more than the prices they obtained for their goods.
Energy and Resources Minister Megan Woods has defended the government’s decision not to issue new offshore oil and gas exploration permits despite it going against official advice, saying she didn’t think officials had taken into account the changing world we live in.
Power shortages during winters when there is not enough water, wind or sun remain the Achilles heel in New Zealand's otherwise huge potential to move most of its fossil fuel-driven economy to renewable electricity, says a new report from the national grid operator, Transpower.