Data released yesterday by the Ministry of Business, Innovation & Employment (MBIE) showed that renewable energy hit a new high in the June quarter.
MBIE said favourable hydro and wind conditions in the second quarter led to the highest proportion of renewable electricity generation since 1981, according to the department’s New Zealand Energy Quarterly.
The latest quarterly covers the period April-June 2018 and provides quarterly data and analysis on energy supply, demand, prices and associated greenhouse gas emissions.
“Renewable sources accounted for 85% of electricity generation for the June quarter, up from 79% on the same quarter a year ago and the highest renewable share of electricity for the quarter in 37 years,” according to MBIE manager-energy & building trends, James Hogan.
“Hydro generation was up 13% and wind generation 12% compared to the June 2017 quarter and generation from non-renewable sources fell by 27% from a year earlier.
“This was despite national electricity demand being unchanged for the quarter compared to the same period last year.
The quarter coincided with Refining NZ’s (NZX: NZR) planned maintenance shutdown at the Marsden Point refinery and a reduction in output from the Pohokura gas field.
“As a result, there were significantly higher imports of refined fuels and a 35% decline in crude oil imports over the period while gas supply was down 17% on the June 2017 quarter.”
MBIE will release its annual Energy in New Zealand publication on October 11.
Companies mentioned in article