GNE - Huntly Firming Options

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

•  Genesis Energy - HFO Term Sheet
•  Genesis Energy - Huntly Firming Options

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.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

PFI - Acquisition - 316 Neilson Street, Penrose, Auckland
RYM - Anthony Leighs to retire from Ryman Healthcare Board
Meridian Energy monthly operating report for January 2025
February 14th Morning Report
MCY - Interim results presentation details
FWL - Resignation of CEO and Director Mark Turnbull
Contact enters supply agreement with Fonterra
Skellerup reports record first-half NPAT
February 13th Morning Report
February 12th Morning Report