WELLINGTON: Meridian Energy has announced plans to begin construction on its first New Zealand solar farm this August, with the $227 million Ruakākā Solar Farm set to boost the nation’s energy system and resilience in the Northland region. The 130-megawatt…
WELLINGTON: Meridian Energy has entered into an agreement to acquire NZ Windfarms Limited (NZWF) for $0.25 per share, valuing the equity of NZ Windfarms at approximately $91 million. The deal, announced on Feb. 19, 2025, is subject to approval from…
AUCKLAND; Meridian Energy’s Board has agreed the sale of Meridian’s Australian business to a consortium of Shell Energy Operations Pty Ltd and Infrastructure Capital Group (ICG) for A$729 million. On completion, Shell will become the owner of the retail business,…
AUCKLAND: Meridian Energy will soon begin construction of a new $395 million wind farm in Hawke’s Bay, a news release said. The Harapaki Wind Farm will be New Zealand’s second-largest wind farm with 41 turbines generating 176 MW of renewable…
AUCKLAND: Meridian Energy confirmed its CEO of Meridian Energy Australia and Powershop Australia, Jason Stein will step down from his role. Due to the ongoing impacts of Covid on travel and personal arrangements, Mr Stein has been unable to relocate…
PERTH: Ratings agency Standard & Poor’s has reaffirmed Meridian Energy’s corporate credit rating as BBB+/Stable/A-2. This includes the current one-notch uplift from the Company’s stand-alone rating of ‘bbb’, reflecting the majority ownership of the New Zealand Government.