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Meridian Energy Limited ( (MDDNF) ) has shared an announcement.
Meridian Energy has received final consent from the Environment Court to construct the 120MW Ruakākā Solar Farm in Northland, New Zealand, which marks the second stage of their Ruakākā Energy Park. This project, expected to begin in mid-2025 and complete by early 2027, will generate enough electricity to power half the homes in Northland, thus significantly boosting the region’s resilience and contributing to New Zealand’s renewable energy capacity. The development also demonstrates Meridian’s commitment to investing $3 billion in renewable energy projects by the end of the decade.
More about Meridian Energy Limited
Meridian Energy Limited is a New Zealand-based company operating in the renewable energy industry. It focuses on generating and storing renewable electricity through various means, including hydro stations, wind farms, solar farms, and battery energy storage systems to enhance New Zealand’s electricity supply.
YTD Price Performance: -1.34%
Average Trading Volume: 3,625
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $8.72B
See more data about MDDNF stock on TipRanks’ Stock Analysis page.
