Genesis Energy sells Hau Nui wind farm to NZ Windfarms, to be operational by June 2025.
Genesis Energy has sold the Hau Nui wind farm to NZ Windfarms as it approaches the end of its operational life. NZ Windfarms plans to utilize its experience to continue operations and enhance renewable energy supply in New Zealand. The acquisition price remains undisclosed, and the wind farm is not expected to generate profits until June 2025 due to maintenance. Settlement is set for November 25, with Hau Nui expected to produce 12-15 GWh annually.
October 24, 2024
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