Expected ROI of hybrid renewable storage project in New Zealand 2030

Can New Zealand achieve 100% renewable electricity by 2030?

New Zealand should weigh its aspiration to achieve 100% renewable electricity by 2030 against the potentially considerable costs associated with achieving the last 2-5% of the target. New Zealand does not yet have a long-term energy strategy in place. While work is underway on a strategy, it is not due for release until the end of 2024.

How can we improve New Zealand's energy supply?

Through the use of efficient technologies and processes, we can improve the affordability and reliability of New Zealand’s energy supply. Demand management is becoming increasingly important as our electricity demand increases and we transition toward greater use of renewable energy sources.

What is New Zealand's Energy Outlook?

New Zealand’s Energy Outlook presents projections of future energy supply, demand, prices and greenhouse gas emissions. These projections are principally aimed at informing the energy debate. This article explores the long-term future for electricity in New Zealand, and presents insights for investors, grid planners, policy makers and consumers.

Does New Zealand have a long-term energy strategy?

New Zealand does not have a long-term energy strategy. In its May 2022 ERP, the government committed to developing such a strategy to achieve its vision for the energy and industry sectors.

Why is New Zealand a good place to invest in renewables?

Structured for growth. Global demand for renewables is skyrocketing, and New Zealand is perfectly positioned to meet it, thanks to our abundance of accessible resources generated by hydro, wind, solar and geothermal.

Should we invest in energy storage systems?

To achieve this, we need to invest in energy storage systems. For several years, pumped hydro was championed as the solution to reaching 100% renewable energy production and storage by acting as a buffer in dry years due to the vast potential to store energy and ability to utilise spikes in energy production during favourable conditions.