Mercury NZ Ltd 2020 AR2
The report highlights Mercury NZ Limited's performance and strategic progress for the fiscal year ended June 30, 2020. Despite prolonged drought conditions affecting hydro generation and the disruptions of the COVID-19 pandemic, the company achieved solid operating earnings (EBITDAF) of $494 million. Key milestones included advancing the construction of the Turitea wind farm, which will be New Zealand's largest wind farm, and completing the $67 million refurbishment of the Whakamaru hydro station, increasing its capacity by 20%. Additionally, the company transitioned its investment in Tilt Renewables to an associate, gaining significant influence, and continued its commitment to 100% renewable electricity generation.
Company: Mercury NZ Ltd
Sector: Energy utilities
Country: New Zealand
Year: 2020
Type: AR2
Pages: 99
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Mercury NZ Ltd
Annual Report
The report highlights Mercury NZ Limited's performance and strategic progress for the fiscal year ended June 30, 2020. Despite prolonged drought conditions affecting hydro generation and the disruptions of the COVID-19 pandemic, the company achieved solid operating earnings (EBITDAF) of $494 million. Key milestones included advancing the construction of the Turitea wind farm, which will be New Zealand's largest wind farm, and completing the $67 million refurbishment of the Whakamaru hydro station, increasing its capacity by 20%. Additionally, the company transitioned its investment in Tilt Renewables to an associate, gaining significant influence, and continued its commitment to 100% renewable electricity generation.
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Document Details
Report Year
2020
Reporting Period
Jul 1, 2019 - Jun 30, 2020
Fiscal Year
2020
Published
Aug 18, 2020
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Scope 3:
Renewable Energy
Women on Board
Women in Management
Employees