Genesis News

Genesis Energy (Genesis) is committed to ‘empowering New Zealand’s sustainable future’. We share the ambitions of the Climate Change Commission (the Commission) and commend the work undertaken to date.

Nearly 70% of New Zealanders expect climate change to have a lot or a reasonable impact on their lives over the next decade but are split on the best way for the country to achieve...

Strong retail margins and lowered fuel costs help to offset reduced hydro inflows and challenging gas market conditions

After nearly two years of construction, the $26.5m Tekapo Intake Gate Project is complete on time and under budget, protecting one of the South Island’s key hydro power stations from alpine fault earthquake risks.

Challenging market conditions, driven by a dry summer and supply side constraints in the gas market, have prompted Genesis to make a third 250MW Rankine unit available to support the country’s electricity needs.

Genesis is assessing 6,000GWh of renewable generation options after starting a closed RFP process with 11 partners.