Contact, Mercury NZ's Project Pipelines Appeal Most -- Market Talk

Dow Jones03-05

0004 GMT - Among New Zealand's power generators, Contact Energy and Mercury NZ have the best pipelines of new projects. That's the view of Forsyth Barr after the big four generators added some 9 TWh of potential developments to their pipelines over the past six months. It means their combined pipeline has risen to some 50 TWh. Analyst Andrew Harvey-Green says Contact Energy and Mercury NZ appeal because they are focusing on geothermal projects and wind farms in areas with a low level of wind concentration. "We view solar and lower North Island projects as higher risk given their greater exposure to negatively influencing wholesale electricity prices," Forsyth Barr says. (david.winning@wsj.com; @dwinningWSJ)

 

(END) Dow Jones Newswires

March 04, 2026 19:04 ET (00:04 GMT)

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