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Meridian Energy has acquired NZ Windfarms Limited via a court-approved scheme of arrangement valued at $91 million. The acquisition will help finance the Te Rere Hau repowering project, involving up to 39 new turbines.
“This is New Zealand's first wind farm repowering project and has the potential to generate seven times the annual renewable energy production of the current turbines.”mondaq.com
Summarized from public sources; check the original articles before acting on it.