Mercury NZ Ltd. (MGHTF) has released an update.
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Mercury NZ Ltd. has announced a significant investment in renewable energy with the construction of a $287 million wind farm in Northland, contributing to a total commitment of over $1 billion in new renewables within two years. The Kaiwaikawe Wind Farm, set to begin construction in January 2025, will generate 77MW, powering approximately 27,000 homes. This project is a part of Mercury’s broader strategy to enhance New Zealand’s renewable energy capacity by 2.6%, alongside expansions at its geothermal and other wind farm sites.
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