“Building more renewables is one of the most meaningful ways Mercury can support New Zealand to meet its climate change goals,” Gibson said.
Mercury expects to commit $1 billion in 2024 to renewable generation development to be constructed over the next three years, including the expansion of a fifth generating unit at its Ngā Tamariki geothermal station, announced in September.
Gibson said the Gore District Council and community, national grid operator Transpower, and local landowners had been “supportive and accommodating” during the development and construction.
Earlier this year, Mercury opened Turitea - New Zealand’s biggest wind farm - in the Tararua Ranges.
The project took three and a half years to build at a cost of around $450m.
Jamie Gray is an Auckland-based journalist, covering the financial markets and the primary sector. He joined the Herald in 2011.