NZSE:GNEElectric Utilities
Is Genesis Energy’s 271MWp Solar Farm Acquisition Transforming the Investment Case for NZSE:GNE?
Genesis Energy recently acquired the conditional rights to develop a 271MWp solar farm in Rangiriri, Waikato, near Auckland and key grid infrastructure, with an estimated project cost of $487 million and a planned annual generation of 437 GWh.
This move expands Genesis's advanced-stage solar pipeline to around 700MWp and is central to its Gen35 plan of boosting renewable generation, supporting hydro assets, and reducing reliance on gas during peak summer demand.
We'll explore how Genesis...