Sharechat Logo

GNE - Huntly Firming Options

Monday 13th May 2024

Text too small?

Genesis Energy has released a document outlining background information and an indicative term sheet for Huntly Firming Options (HFOs). The Huntly Firming Options will only be available to certain wholesale investors within the meaning of the Financial Markets Conduct Act 2013.

 

Genesis Chief Executive, Malcolm Johns, said “Huntly is one of New Zealand’s key bench players when it comes to energy security in a high renewables grid. As recent events have demonstrated, having a thermal capacity that is commercially supported will be increasingly important to back-up intermittent wind and solar generation. This is a market-wide challenge, and the HFOs provide an opportunity to secure some of that solution as we all invest to build a high renewables grid”.

 

The Huntly Firming Options information document is attached.

 

ENDS



  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

Infratil releases Climate Related Disclosures
The Warehouse Group Appoints Chief Digital & Transformation
The Financial Collapse Has Already Begun - Will You Be Caught Off Guard?
NWF - IMPLEMENTATION OF SCHEME OF ARRANGEMENT
EROAD Publishes FY25 Group Climate Statement
Synlait provides performance update
Air New Zealand Chief Executive Officer Appointment
July 30th Morning Report
IKE 1Q FY26 Performance Update
July 29th Morning Report