Castle Hill Wind Farm
We do not expect that significant additional electricity generation capacity will be required in New Zealand over the next three to five years. In the short term, Genesis Energy's focus is to maximise the efficiency of the Company's existing generation assets and fuel supplies, and to purchase from the wholesale market effectively, rather than to build new generation assets.
However, the Company has a diverse portfolio of longer term generation growth prospects to increase capacity or to displace higher-cost generation in the future. These prospects include greenfield generation investments and opportunities for enhancing existing thermal, hydro and wind assets.
Consistent with the Company's disciplined approach to the use of capital, these development prospects would proceed only if a project becomes economically viable.
An example is the Castle Hill Wind Farm, where Genesis Energy holds resource consents to establish a wind farm in the northern Wairarapa. The potential site is located 20km east of Eketahuna and Pahiatua, 20km north-east of Masterton and 15km west of the Wairarapa coast north of Castlepoint. It covers more than 20,000 hectares and the consents allow up to 286 wind turbines with a potential generation capacity of up to 860 MW. Should this proceed, its scale is yet to be determined. The terms of the consents give Genesis Energy until 2023 to begin construction. Arrangements for transmission have not been established.
Resource consents were confirmed by the Environment Court for the Castle Hill Wind Farm in July 2013.
CHWF is located 20km east of Eketahuna and Pahiatua, 20km north-east of Masterton and 15km west of the Wairarapa coast north of Castlepoint.
Figure: Castle Hill Wind Farm Location
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