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More renewable power planned 

More wind farms will be built in both the North and South Islands, as part of Contact Energy’s massive investment in renewable power generation.

The company has announced a $2 billion plan to develop its existing geothermal stations, and build new ones. Up to four wind farms will also be constructed.

Spokesman Jonathan Hill says the company has been looking at renewable energy for some time, and needs to bring on new generation facilities by the year 2012.

He says the company believes up to 700 megawatts of power can be generated at two sites it is already negotiating for. Mr Hill says two geothermal power stations will be built in the Taupo area. He says geothermal energy is the only form of renewable energy that doesn’t depend on the weather and will make a significant contribution to a secure electricity supply.

Contact Energy has told its shareholders not to expect a capital return on their investment because of its plans to go green.

newstalkzb.co.nz

24 February 2007

This article is the work of the source indicated. Any opinions expressed in it are not necessarily those of National Wind Watch.

The copyright of this article resides with the author or publisher indicated. As part of its noncommercial educational effort to present the environmental, social, scientific, and economic issues of large-scale wind power development to a global audience seeking such information, National Wind Watch endeavors to observe “fair use” as provided for in section 107 of U.S. Copyright Law and similar “fair dealing” provisions of the copyright laws of other nations. Send requests to excerpt, general inquiries, and comments via e-mail.

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