Contact Energy’s Renewable Leap | Auckland News

Contact Energy’s profits soared to $423 million last year, up nearly $100 million from the prior year, thanks to its acquisition of Manawa Energy and expanded renewable generation. CEO Mike Fuge says this should soon slash business energy costs—but warns home bills won’t see immediate relief as transmission charges are expected to rise. Meanwhile, Contact is partnering with CDC to build a 250-megawatt data center near Taranaki, positioning New Zealand as a global leader in green tech—on par with Norway and Sweden. Fuge insists these projects must meet strict community, pricing, and environmental standards to be truly beneficial. He also shot down the notion that corporate energy gains hurt the nation, calling renewables a game-changer for economic growth—comparable to discovering a gas field twice the size of Maui. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/33b9223b8904a5d9