NZ Windfarms (NZE:NWF) and Genesis Energy (NZE:GNE, ASX:GNE) agreed on a fixed price variable volume contract for difference for Hau Nui windfarm's output, according to a Thursday filing with the New Zealand bourse.
The contract is effective for three years starting Jan. 1, 2025.
The annual output is expected to range from 12 to 15 gigawatt hours, which is 12% to 14% of Te Rere Hau's current output.
Genesis Energy's shares were up nearly 3% in recent Friday trade in Australia.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.