New Zealand could have surplus baseload hydropower from 2025
Woodside and FFI compete for New Zealand project
Firms will provide more detailed proposals to Southern Green Hydrogen joint project development team by end of August
New Zealand’s Southern Green Hydrogen project will be led by either Australian energy firm Woodside or green hydrogen company Fortescue Future Industries. Both firms have entered final-stage negotiations with the joint developers, utilities Meridian Energy and Contact Energy. The project, in New Zealand’s Southland region, is at an early stage of development but will likely produce hydrogen from hydropower as both utilities have a high proportion of that form of generation in their portfolios. The development was prompted by the imminent end of an electricity supply agreement to the Tiwai Point aluminium smelter in 2025. The smelter consumes 12pc of New Zealand’s electricity demand. The prop
Also in this section
17 January 2025
Bank’s UK arm signs first deal to finance a green hydrogen developer, but cost and offtake pressures mean the sector remains too risky for many lenders
15 January 2025
The country’s technology-neutral position and competitive business environment mean it is looking to be surfing the second wave of the energy transition while others are still grappling with the first
14 January 2025
With abundant wind and sunshine, Africa is poised to lead in green hydrogen production. Yet high costs and financing challenges require global partnerships to unlock the continent's potential
14 January 2025
The continent’s largest economy sees an opportunity to join the global export market, but funding gap and lack of regulatory framework present challenges
