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The latest update is out from Contact Energy Limited ( (COENF) ).
Contact Energy has announced two new agreements with New Zealand Steel, extending their partnership to support renewable energy initiatives. The first agreement is an 11-year, 50MW electricity supply deal starting in December 2025, designed to accommodate NZ Steel’s increased production from a new Electric Arc Furnace. The second agreement involves a 35-year lease for land near Contact’s existing battery site, aiming to enhance NZ Steel’s Energy Hub. These agreements highlight Contact’s commitment to renewable energy and reducing reliance on gas, while offering long-term, flexible energy solutions.
More about Contact Energy Limited
Contact Energy Limited is a key player in the energy sector, providing electricity and gas services in New Zealand. The company focuses on renewable energy solutions and is involved in innovative projects to support the country’s transition to sustainable energy.
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