this post was submitted on 24 Oct 2025
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Group to lodge fast track consent bid for axed Lake Onslow hydro project (www.rnz.co.nz)
submitted 2 months ago by BaconWrappedEnigma@lemmy.nz to c/newzealand@lemmy.nz
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This is the best option for New Zealand to achieve 100% renewable energy.

It's a giant battery that can store solar and wind energy for later use which would drive the price of electricity down, which would reduce the money / dividends the government gets from its 51% stake of the three biggest gentailers: Meridian, Mercury, and Genesis.

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[–] BaconWrappedEnigma@lemmy.nz 4 points 2 months ago

It's just a bit of a bummer that it will now be owned by foreign investment firms.