Several renewable power projects in the offing for New Zealand

Several New Zealand renewable power projects are scheduled to begin construction in 2012-13.

Industrial Info is currently tracking 25 New Zealand renewable energy projects in the planning and engineering phase that are scheduled to begin construction from 2012 onward.

The projects total more than US$4.87bn in investment value and indicate that New Zealand is predominately investing in wind, geothermal and hydro generation projects.

Hydropower currently accounts for about 54 per cent of New Zealand’s generation capacity; however, looking forward, it is wind energy projects that lead in terms of number and project investment value. There are currently 13 wind farms in the planning and engineering phase (totalling more than $3.2bn) that are scheduled to begin construction in 2012-13.

There are eight major hydro projects scheduled to begin construction that total about $1.3bn, and four proposed geothermal energy projects that represent more than $920m in investment value.

The largest renewable energy project in New Zealand’s development pipeline is Genesis Energy’s (Auckland, New Zealand) 600 MW Castle Hill Windfarm.

This huge wind project will require more than $810m in investment, and depending on funding and approvals, is scheduled to begin construction in the second quarter of 2013.

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