Mercury NZ Ltd. (MGHTF) has released an update.
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Mercury NZ Limited has announced its commitment to renewable energy with a $486 million investment in the expansion of the Kaiwera Downs wind farm, aiming to enhance its total capacity to 198 MW, making it New Zealand’s second-largest wind farm. The project, set to begin in June 2024 and completed by the end of 2026, will generate enough power for roughly 73,000 homes annually. This investment is part of Mercury’s broader strategy to meet New Zealand’s climate change goals and contribute to a lower-carbon future.
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