Contact Energy agrees sale of Rockgas to Gas Services NZ
Contact Energy has agreed to the sale of its liquefied petroleum gas business, Rockgas Ltd, to First State Investments portfolio company Gas Services New Zealand. The deal represents a total investment of NZ$260 million (US$177.35 million).
Contact will enter into an exclusive marketing agreement with First Gas associate Gas Services NZ Midco Ltd that will allow it to continue to offer LPG to mass market customers. Contact will provide support services to Rockgas for mass market customers for a yearly fee of NZ$2 million.
Country updates
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July 30, 2018
Proposal filed for 100 MW wind farm in New Zealand
Ventus Energy has filed its proposal for a wind project with a total capacity of 100 MW located in the northern end of the Kaimai Ranges, New Zealand. The proposed Kaimai Wind Farm will feature 2...
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June 26, 2018
Ventus Energy has applied for resource consents for the project from the Hauraki District Council and Waikato Regional Council
Ventus Energy has applied for resource consents for the project from the Hauraki District Council and Waikato Regional Council. The consent process will run until December with a hearing scheduled for September-October and a decision in December
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May 14, 2018
Mercury NZ has agreed to buy the stake in Tilt Renewables from TECT
Mercury NZ has agreed to buy the stake in Tilt Renewables from TECT. The transaction represents NZD 2.30 per share and Mercury has also agreed a six-month option to acquire TECT's remaining 6.81% stak...
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April 24, 2018
Resonance Industrial Water Infrastructure Fund invests in bioenergy projects
ReNu Energy Limited has announced that it has reached an agreement with Resonance Asset Management Limited regarding the sale of a 70% majority equity stake in ReNu Energy’s exist...
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March 15, 2018
Royala Dutch Shell has reached an agreement to sell its shares in New Zealand upstream asset to OMV
Royala Dutch Shell has reached an agreement to sell its shares in New Zealand upstream asset to OMV. The Sales and Purchase Agreement is subject to certain conditions which include normal regulatory a...
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