Mercury NZ Strikes Major Renewable Energy Deal

Mercury NZ Ltd. (MGHTF) has released an update.

Mercury NZ Limited has entered into a pivotal long-term agreement with New Zealand Aluminium Smelters (NZAS) that promises to bolster renewable energy investments in New Zealand. Starting January 2025, the contract ensures a stable supply of up to 75MW by 2027, enhancing market certainty for renewable projects like the expansion of Kaiwera Downs wind farm. The deal is seen as a cornerstone for the country’s transition to a renewable-powered future and meeting climate change objectives.

For further insights into MGHTF stock, check out TipRanks’ Stock Analysis page.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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