News

Environment

Staff Reporter

, New Zealand

Published:

12 years ago

Wind power to blow strong in New Zealand

Falling wind turbine prices are set to spark a surge in wind power investments in New Zealand.

New Zealand’s Wind Energy Association predicts the country’s wind farm capacity over the next 20 years could increase by as much as six times compared to today. Wind capacity is presently estimated at 622MW but is forecast to rise to 3500MW by 2030.

The association expects wind to generate around 20% of New Zealand’s electricity by 2030, up from 5% today because wind turbines have become more reliable and operations and maintenance costs are falling.

The government also wants 90% of the country’s energy to be generated from renewable sources by 2025, a goal that bodes well for the wind sector.

The association cited sources which said that wind projects commercially attractive at under NZ$85 per megawatt hour.

Also Read

Queensland gov’t invests $3.6m in solar panel recycling initiative

Retirement of oil and gas plants needs five times the speed to achieve climate goals

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit

Top News

Japan reduces fossil fuel generation by 8% in 2023

This is driven by the increasing renewables capacity and declining power demand.

Power Utility

13 hours ago

Global bioenergy electricity production rises 3.1% to record 697 TWh

China, Brazil, and Japan are the top bioenergy producers.

Power Utility

13 hours ago

Nuclear power deemed Australia's most expensive energy source

It costs six times more than renewable projects.

IPP

13 hours ago

AboitizPower finalises 15.6% stake acquisition in STEAG State Power

This brings the company’s total equity interest to 85%.

Power Utility

13 hours ago

Exclusives

Pressures mount for less desirable energy insurance placements in the region

Industry experts eye offshore investments as most attractive, yet more expensive.

Power Utility

Will the government pay for coal power exit in Vietnam?

The country’s coal power phase-out strategy sees renewables accounting for 67.7%–71.5% of the energy mix by 2050.

IPP

Japanese utility firms into serious business of reselling LNG surplus

Declining local demand for LNG directs Japanese companies to the South and Southeast Asian markets.

Power Utility

India removes licence requirement to build transmission lines for bulk consumers

The rule applies to those with at least 25 MW of load for inter-state connection and at least 10 MW for intra-state.

Event News

Thailand at the forefront of ASEAN's energy transition: A look ahead to Future Energy Asia

Co-Written / Partner

Co-hosted by industry leaders and supported by government officials, the Future Energy Asia Exhibition and Summit aims to accelerate the region's journey towards net-zero emissions.

Co-Written / Partner Celebrate your exceptional energy and sustainability initiatives with Asian Power

Co-Written / Partner Abu Dhabi Sustainable Water Solutions clinches two wins at Asian Water Awards

Technology VR and AR training are vital for the renewable energy workforce

Co-Written / Partner Thailand at the forefront of ASEAN's energy transition: A look ahead to Future Energy Asia

Co-hosted by industry leaders and supported by government officials, the Future Energy Asia Exhibition and Summit aims to accelerate the region's journey towards net-zero emissions.