New Zealand Professional Investment Services Firm

Forsyth Barr

We are proud to be a New Zealand owned firm, with 21 offices throughout the country and over 300 employees. We assist personal, institutional and corporate clients providing a full range of investment services.

Forsyth Barr is a foundation New Zealand Exchange firm (NZX) and accredited market participant. We have been confirmed by the Financial Markets Authority as a Qualifying Financial Entity (QFE).

Research is the cornerstone of our advice. We have one of New Zealand's leading teams of analysts. Our global affiliations ensure comprehensive research coverage of all major investment markets.

New Zealand Professional Investment Services Firm, Forsyth Barr

Thematic (Sector/Industry)

New zealand Energy / Thematic (Sector/Industry)

<div><div><div><div><ul><li>New build was the key theme in November 2023. The month saw the completion of Mercury’s (MCY) Kaiwera Downs I wind farm, first power from Meridian Energy’s (MEL) Harapaki wind farm, and first power from Lodestone’s Kaitaia solar farm, New Zealand’s first grid scale solar farm.</li><li>The month also saw Contact Energy (CEN) announce substantial delays and cost increases at its Tauhara geothermal plant.</li><li>Looking to 2024, we expect 2.0TWh+ of generation to start construction, which is in addition to the ~3.4TWh under construction. </li></ul></div></div></div></div>

New build was the key theme in November 2023. The month saw the completion of Mercury’s (MCY) Kaiwera Downs I wind farm, first power from Meridian Energy’s (MEL) Harapaki wind farm, and first power from Lodestone’s Kaitaia solar farm, New Zealand’s first grid scale solar farm.The month also saw Contact Energy (CEN) announce substantial delays and cost increases at its Tauhara geothermal plant.Looking to 2024, we expect 2.0TWh+ of generation to start construction, which is in addition to the ~3.4TWh under construction. 

Power Points - Building Boom Set to Continue — Dec 2023