Geothermal Energy Companies Nz

New zealand like only a small number of other countries worldwide has numerous geothermal sites that could be developed for exploitation and also boasts some of the earliest large.

Geothermal energy companies nz.

The project has an estimated investment volume of nz 600m around usd 387 million. Our hard won know how and expertise covers everything involved with extraction logging steam field design construction and maintenance right. Hydro and geothermal power stations operated by mercury generate renewable energy sufficient for 850 000 new zealand homes. Most geothermal use in new zealand has occurred in the taupo and kawerau regions within the taupo volcanic zone.

Geothermal energy has many benefits such as being relatively cost effective reliable sustainable and relatively environmentally friendly. The company s other major geothermal power plants are the 100 owned 150mw olkaria iii geothermal complex in kenya and the 100 owned 138mw mcginness hills complex in nevada us. Geothermal is a particular area of expertise for us given our long history with this source of energy. In december 2018 the third phase of the mcginness hills complex of 48mw was commissioned to increase its capacity to 138mw.

The geothermal energy is mainly used in three main applications including direct use and district heating systems electricity generation power plants and geothermal heat pumps. Since 2014 new zealand has been working with caribbean governments to advance renewable energy projects. We need to go beyond conventional geothermal techniques to tap deeper supercritical resources. Geothermal power in new zealand is a small but significant part of the energy generation capacity of the country providing approximately 17 of the country s electricity with installed capacity of over 900mw.

In 2018 we expanded our renewable reach through the acquisition of a 19 99 stake in tilt renewables tilt which has a growing portfolio of wind and solar projects in australasia. New zealand is pleased to be once again working with the oecs commission. Reported this morning from new zealand by the nz herald energy utility contact energy has signed an early works contract for the development of the planned tauhara geothermal project with japanese sumitomo corp. Will be working with nz based construction company naylor love for civil.

For new zealand to achieve its goal of a carbon neutral future geothermal energy needs to be utilised to its full potential.