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Meridian Energy Limited ( (MDDNF) ) just unveiled an update.
Meridian Energy Limited has signed a Power Purchase Agreement with Harmony Energy and First Renewables for the Tauhei Solar Farm, which will be New Zealand’s largest solar farm upon completion in late 2026. The farm is expected to generate 280 gigawatt hours annually, enough to power around 35,000 homes. Meridian will purchase 100% of the output for the first 10 years, showcasing a commitment to integrating new entrants in the electricity sector and enhancing New Zealand’s energy resilience through clean solar energy.
More about Meridian Energy Limited
Meridian Energy Limited is a company incorporated in New Zealand, operating in the electricity industry with listings on the NZX and ASX. The company primarily focuses on generating and supplying renewable energy.
YTD Price Performance: -1.04%
Average Trading Volume: 3,625
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $8.53B
For a thorough assessment of MDDNF stock, go to TipRanks’ Stock Analysis page.
