Two countries means two approaches
Electricity markets in Australia and New Zealand are very different and require a different mix of asset attributes for success.
To achieve our goal in Australia, we will focus on completing the planing approvals and preparing for the construction of the best sites in our development pipeline, looking at further acquisition of permitted wind and solar sites to bolster that pipeline.
In New Zealand the focus will be on maintaining our long dated development options. This will allow us to move quickly as the New Zealand market evolves.
Enabling technologies such as storage will also have a role to play, and whilst stand-alone storage assets are yet to be economic, we believe these will be important to a successful renewable asset portfolio.
“With our strategy remaining centred on the transition to renewables, we have continued to strengthen our platform of operating assets and development options, positioning us well for further growth.”
Our development pipeline is greater than 3,000MW, includes wind, solar and battery options and required environmental permits are in place for more than 65% of the 3,000MW.