Articles tagged with Genesis Energy
Fast-Track Approval Granted for Foxton 220MW Solar Farm Powering 47,000 Homes
1 week ago | 156 viewsA 220 MWp solar farm near Foxton, Genesis Energy’s eighth renewable project, received Fast-track approval, promising to generate 345 GWh annually—enough to power 47,000 homes—and create around 100 construction jobs. This project will enhance regional economic growth, improve local water quality by reducing nitrogen leaching, and contribute to New Zealand’s goal of doubling renewable energy generation by 2050. Fast-track approvals have accelerated 32 projects, adding over 990 MW of new capacity, supporting the government’s aim for abundant, affordable, and reliable renewable power amid rising electricity demand.
Tags: Genesis Energy Mr Bishop Mr Jones Mr Brown Foxton Solar Farm New Zealand renewable energy 2050 goal expert panelsGovernment to Invest $200M in Genesis Energy to Boost NZ Energy Security
6 months ago | 912 viewsThe Government will invest up to $200 million in new Genesis Energy shares to support secure, affordable energy and maintain a 51% Crown ownership. This investment aims to enhance energy security by enabling Genesis to increase flexible capacity and strengthen the long-term value of the state-owned asset. It is part of a broader Government initiative to improve energy reliability and reduce living costs for New Zealanders.
Tags: Nicola Willis Simeon Brown Simon Watts Genesis Energy Government Finance Minister State Owned Enterprises Minister Energy Minister New Zealand Crown investmentFast-track Approval Granted for Genesis Energy's Tekapo Power Scheme
9 months ago | 1004 viewsInfrastructure Minister Chris Bishop and Regional Development Minister Shane Jones have approved the first renewable energy project under the Fast-track Approvals Act, with Genesis Energy's Tekapo power scheme receiving quick consent after facing delays under the standard process. The Tekapo project generates clean electricity for over 228,000 households in Canterbury and showcases the Act's ability to expedite vital infrastructure projects. The Ministers are working on legislative changes to further streamline the fast-track process and encourage more applications to boost job creation, regional prosperity, and economic growth in New Zealand.
Tags: Chris Bishop Shane Jones Genesis Energy Limited Tekapo power scheme renewable energy project infrastructure regional development New Zealand legislative changesNew Zealand Boosts Energy Resilience with Locally Sourced Coal Supply Deal
11 months ago | 1136 viewsNew Zealand's Resources Minister Shane Jones praises the reintroduction of domestically sourced coal as a backup fuel for electricity generation, citing benefits for energy resilience and the Waikato regional economy. Genesis Energy's agreement with BT Mining to supply 240,000 tonnes of locally sourced coal to the Huntly Power Station diversifies fuel supply and reduces reliance on imported coal due to tightening gas supply. Mr. Jones emphasizes the importance of sourcing coal locally to safeguard against global disruptions, strengthen the fuel supply chain, and provide economic benefits for the Waikato region.
Tags: Shane Jones New Zealand Energy resilience Waikato Genesis Energy Huntly Power Station Coal Electricity generation Resources Minister BT Mining