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Genesis News

Genesis delivers earnings of $356 million and a full year dividend of 17.20cps
20 August 2020
Genesis regularly flexed its portfolio of fuels and generation assets to ensure a solid result during a year of exceptionally dry North Island conditions, multiple planned and unplanned market outages and the disruption of COVID-19.
Genesis reports Kupe Reserves upgrade
17 August 2020
Genesis reports operator Beach Energy has upgraded its reserves estimate in the Kupe gas and oil field (‘Kupe Venture Ltd’).
Genesis welcomes Government’s dry year risk review, but urges caution on what the best outcome could be for New Zealand’s low carbon future
27 July 2020
Genesis welcomes the Government’s proposal to look at solutions to alleviate New Zealand’s seasonal electricity generation shortfall, especially during dry years.
Genesis Statement on the closure of Tiwai Point Aluminium Smelter
09 July 2020
The closure of Rio Tinto’s Tiwai Point Aluminium Smelter is disappointing news, in particular, for the people of Southland who are most directly affected.
Genesis installs curved solar panels to power Emirates Team New Zealand
01 July 2020
Genesis has taken powering Emirates Team New Zealand to a new level with an innovative installation of curved solar panels to the team’s base in Wynyard Quarter, Auckland
Huntly Availability Update
25 June 2020
Due to challenging market conditions, driven by low hydro inflows, Genesis has taken steps to make additional capacity available to the market by making available a third Rankine unit to run concurrently with Unit 5 and Unit 6 if required through July and August.