FINWIRES · TerminalLIVE
FINWIRES

Meridian Energy Secures Consent for 120-Megawatt North Island Solar-Battery Park

By

Meridian Energy (ASX:MEZ, NZE:MEL) secured approval to develop the Bunnythorpe Energy Park in Manawatu in New Zealand's North Island, featuring a 120-megawatt (MW) solar farm alongside a previously approved battery energy storage system, according to a Friday filing with the Australian and New Zealand bourses.

The project will feature about 250,000 solar panels that are expected to produce around 225 gigawatt-hours of electricity each year, enough to power roughly 30,000 homes, per the filing.

The development is part of the company's NZ$3 billion renewable energy investment plan through 2030 and comes after its first energy park project at Ruakaka, the filing said.

The project is expected to generate more than 100 local construction jobs and contribute up to NZ$50 million in local spending, with a final investment decision expected in the fourth quarter of fiscal 2027, the filing added.

Related Articles

Asia

Mineral Resources Founder Sells Nearly 2 Million Shares

Mineral Resources' (ASX:MIN) founder Chris Ellison sold 1.8 million ordinary shares at AU$69.98 per share in the company through an on-market sale between Monday and Thursday, according to a Friday filing with the Australian bourse.The disposal was carried out for personal financial planning, including setting up a family office, per the filing.Ellison remains the company's largest shareholder, holding 20.8 million shares, which represents 10.54% of the issued capital, the filing added.

$ASX:MIN
Asia

China to Order 200 Jets From Boeing, Trump Says

China is set to place an order for 200 jets from Boeing, US President Donald Trump told Fox News on Thursday."One thing [Chinese President Xi Jinping] agreed to today, he's going to order 200 jets. That's a big thing. Boeings," Trump said."Boeing wanted 150, he got 200... I think it was a commitment," the president added.However, Boeing's shares fell nearly 5% in NYSE trading on Thursday.Bloomberg Intelligence analyst George Ferguson said an order for 200 jets "is a disappointment for a market looking for 300 or more and details around type.""China has only ordered 39 Boeing planes this decade," Ferguson noted.

$^SSEC$^SZSE
Asia

Market Chatter: Trump Invites Xi to White House on Sept. 24

U.S. President Donald Trump invited Chinese President Xi Jinping and his wife, Peng Liyuan, to the White House on Sept. 24, Politico reported Thursday.The invitation follows a high-stakes summit on Thursday, in which no trade agreement was made.During the summit, Xi warned that mishandling the Taiwan issue could lead US-China relations to "a very dangerous place."(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

$^SSEC$^SZSE