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Meridian Energy owns and operates seven hydroelectric power stations in the South Island – six on the Waitaki River and at Manapouri. It also owns and operates five wind farms in New Zealand, and a single turbine in Brooklyn, Wellington. In total, Meridian has a total installed capacity of 2,754 MW in New Zealand and 201 MW overseas.
There are four major generators: Contact Energy, Genesis Energy, Mercury Energy, Meridian Energy. These four together produce about 90% of New Zealand's electricity. Meridian Energy, Genesis Energy and Mercury Energy are 51% majority owned by the New Zealand government, while Contact is a 100% publicly traded company.
Powershop is an online electricity retailer founded in New Zealand, and also available in Australia. In New Zealand, Powershop is a subsidiary of Meridian Energy, 51% of which is owned by the New Zealand Government.
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It was built for the New Zealand Electricity Department; since 1999 it has been owned and operated by Meridian Energy. [2] From 2008 to 2010 the six turbines were refurbished at a cost of $67 million. This enabled a 6% reduction in water use for the same generation capacity, increasing annual generation by 70 GWh (250 TJ).
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Meridian has several additional locations under consideration and has the potential to export its proprietary refinery technology and processes to currently operational refineries worldwide. Established in 2013, Meridian has offices in Belfield, North Dakota and Houston, Texas. Connect with Meridian Energy Group: Twitter, Facebook, and LinkedIn.
For the past couple years, more and more foreign energy companies are investing in the U.S. In 2012, $138 billion was invested in unconventional shale plays in the U.S., $26 billion of which came ...