Contact Energy is putting serious thought into data centres, after reporting record earnings.

The gentailer's made a $423 million annual profit - up nearly 28 percent.

It's now in talks with Australian firm CDC Data Centres, for a 250 megawatt data centre in Taranaki. 

Forsyth Barr equity analyst Andrew Harvey-Green says CDC has a good track record, and grid and fibre connections are ready to go at the site. 

He explained Contact covers the generation side - so from an New Zealand-inc perspective, he's positive about what data centres could do. 

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Contact Energy is putting serious thought into data centres, after reporting record earnings.
The gentailer's made a $423 million annual profit - up nearly 28 percent.
It's now in talks with Australian firm CDC Data Centres, for a 250 megawatt data centre in Taranaki.&nbsp;
Forsyth Barr equity analyst Andrew Harvey-Green says CDC has a good track record, and grid and fibre connections are ready to go at the site.&nbsp;
He explained Contact covers the generation side - so from an New Zealand-inc perspective, he's positive about what data centres could do.&nbsp;
LISTEN ABOVE

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.

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Andrew Harvey-Green: Forsyth Barr equity analyst on Contact Energy reporting record earnings

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/4f4a8ffd-64e6-4077-8ad1-b4a2006951c2/transcript