The business summary, share performance, financial summary and outlook, management overview, key ratio analysis and a key financial summary.
Meridian Energy Limited is engaged in the generation, trading, and retailing of electricity. It generates electricity from water and wind resources. Meridian generates electricity from 100% renewable sources wind and water. The company generates approximately 30% of New Zealand’s electricity from its integrated chain of dams on the Waitaki River and Manapouri, which is the largest hydro power station in New Zealand, and four wind farms around the country. The company provides electricity to approximately 270,000 customers, including homes, businesses, and farms under the Meridian and Powershop brands in New Zealand. It also offers meter management, consultancy, and insurance services. The company operates seven hydro stations in New Zealand; and one wind farm in Australia, as well as renewable energy offshore projects in Australia, Antarctica, the United States, and Tonga. The Government retains 51% ownership of Meridian. Meridian Energy Limited is based in Wellington, New Zealand.
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