NZSE:MELRenewable Energy
Meridian Energy (NZSE:MEL) Ramps Up Solar Ambitions With $300 Million Te Rahui Joint Venture
Meridian Energy Limited and Nova Energy Limited recently completed agreements to form a 50-50 joint venture for the 400MW Te Rahui solar farm near Taupo, with $300 million in financing secured for the first phase and project offtake agreements established.
With the first stage set to deliver power by mid-2026 and both phases expected to supply electricity for around 100,000 homes, this renewable initiative underscores a significant expansion in New Zealand's solar generation capacity.
We'll...