The potential of offshore wind in South Taranaki
Around 2GW of offshore wind commercially available off South Taranaki, built in stages - around twice New Zealand’s existing onshore capacity.
Drive transition to reliable renewable energy
Reduced need for expensive firming and transmission investments
Generate power when daily demand is high
Less constrained by land availability
Large-scale solution to increased power demand
More than 2000 jobs during construction, and more than 250 direct ongoing jobs
More than NZD 8 billion spent locally over the life of the project
Improved social licence and less impact on communities
Why South Taranaki?
- Heart of NZ energy industry, existing offshore expertise and skills
- High quality offshore wind resources
- Minimal restricted areas for fixed bottom turbines
- Close to load centres
- LCOE potential below long-term power price forecast due to NZ world-class fundamentals