Energy Storage News•7 days ago
New Zealand gentailer Contact Energy eyes US$316 million raise for renewables and energy storage expansion
- •Contact Energy plans to raise NZ$525 million (US$316 million) in equity funding to fast-track its renewable energy and storage pipeline in New Zealand.
- •This substantial capital injection signals aggressive expansion in green energy generation and grid stability, indicating a robust market for renewable project development.
- •For developers, this highlights potential opportunities for partnerships, project sales, or increased demand for related services in the New Zealand market.
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