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The latest update is out from Meridian Energy Limited ( (MDDNF) ).
Meridian Energy Limited has received approval from NZ Windfarms Limited shareholders for a scheme of arrangement to acquire 100% of NZ Windfarms. This acquisition, pending final High Court approval, will facilitate the financing of the Te Rere Hau repowering project, which aims to significantly increase renewable energy production in New Zealand by replacing existing turbines with new ones capable of generating up to 170MW.
More about Meridian Energy Limited
Meridian Energy Limited is a New Zealand-based company operating in the renewable energy industry. It is listed on the NZX and ASX stock exchanges and focuses on generating electricity through sustainable means, with a particular emphasis on wind energy projects.
Find detailed analytics on MDDNF stock on TipRanks’ Stock Analysis page.