AUCKLAND: Genesis Energy and three other major electricity providers have signed a detailed non-binding term sheet to establish a strategic energy reserve centered on Huntly Power Station, aiming to bolster New Zealand’s security of supply. The agreement—between Genesis (NZX: GNE, ASX: GNE), Mercury, Meridian, and Contact—follows challenges during the winter of 2024, when energy supplies…
AUCKLAND, NZ: Genesis Energy Limited (Genesis) is considering making an offer (Offer) of up to NZ$225,000,000 (with the ability to accept oversubscriptions of up to an additional NZ$60,000,000 at Genesis’ discretion) of 30 year unsecured, subordinated green capital bonds (Capital Bonds) to New Zealand investors. It is expected that full details of the Offer will…
SYDNEY, AUSTRALIA: Genesis Energy announced the Chief Operations Officer, Nigel Clark, and Chief Digital Officer, James Magill, are leaving Genesis to move back to Australia. Marc England, CEO of Genesis said: “I would like to thank Nigel and James for the significant contribution they have made to our business over the last five years”. Both…
AUCKLAND, NEW ZEALAND: Genesis Energy has signalled its intent to develop solar as part its renewable generation programme. The company is in active discussions with international solar developers to finalise a joint venture arrangement to deliver up to 500MW of solar capacity over the next five years as part of its Future-gen strategy. This would…
WELLINGTON: Genesis Energy announced that it is undertaking a strategic review in relation to its interest in Kupe oil and gas field. Genesis owns a 46% stake in the Kupe oil and gas field. The asset has attractive cash flow and a strong growth outlook. The Kupe joint venture is now considering further development, including…