Mercury NZ

New Zealand Aluminium Smelters (NZAS) signed 20-year electricity arrangements with Meridian Energy, Contact Energy and Mercury NZ for 572 MW of power, securing the future of the Tiwai Point aluminium smelter. The agreements are expected to commence in July 2024 and run until at least 2044.

Mercury NZ Limited has signed a supply and EPC contract with Ormat Technologies for a 56-MW expansion of the Ngatamariki geothermal power station in New Zealand, adding a fifth generating unit.

Tilt Renewables has entered into a Scheme Implementation Agreement under which Powering Australian Renewables (PowAR) will acquire Tilt's Australian business and Mercury NZ Limited will acquire Tilt's New Zealand business. Shareholders will receive NZ$7.80 per share in cash. Infratil supports the transaction.