Genesis Energy is making moves to meet its promise of producing 95 percent renewable energy by 2035.

The company plans to use profits from Kupe gas field to support a $1.1 billion programme to build solar and wind generation and grid-scale battery storage.

Chief executive Malcolm Johns says it's likely Genesis will meet their target within the coming years.

"We're not starting from a cold start, we have a number of things under way, particularly in the area of solar and wind development. Battery will take us about 18 months to put in place, we're pretty confident."

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Genesis Energy is making moves to meet its promise of producing 95 percent renewable energy by 2035.
The company plans to use profits from Kupe gas field to support a $1.1 billion programme to build solar and wind generation and grid-scale battery storage.
Chief executive Malcolm Johns says it's likely Genesis will meet their target within the coming years.
"We're not starting from a cold start, we have a number of things under way, particularly in the area of solar and wind development. Battery will take us about 18 months to put in place, we're pretty confident."
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.