Contact Energy to Appeal Wind Farm Decision and Re-Apply for Fast-Track Consent

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Contact Energy to Appeal Wind Farm Decision and Re-Apply for Fast-Track Consent

The latest update is out from Contact Energy Limited ( (COENF) ).

Contact Energy Limited has announced its decision to appeal the Environmental Protection Authority’s refusal of consent for its Southland Wind Farm project and intends to re-apply under the new Fast-Track consenting process. The wind farm is seen as essential for New Zealand’s energy security and economic growth, promising significant job creation and environmental benefits, while addressing the country’s increasing electricity demand amid declining natural gas supplies.

More about Contact Energy Limited

Contact Energy Limited is a company operating in the energy industry, focusing on providing electricity and natural gas services. The company is committed to enhancing energy security and supporting the decarbonization of New Zealand.

YTD Price Performance: -4.59%

Average Trading Volume: 1,899

Technical Sentiment Signal: Sell

Current Market Cap: $4.03B

See more insights into COENF stock on TipRanks’ Stock Analysis page.

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