with goal of becoming NZ's leading multi-utility retailer providing electricity, natural gas, bottled LNG and telecommunication services.
In New Zealand Trustpower owns and operates 22 hydro power stations with a total installed capacity of 516MW excluding King Country Energy generation assets. Trustpower, is headquartered in Tauranga, with approximately 750 full time equivalent employees operating a multi-product retail business, including electricity, gas and telecommunications services with approximately 280,000 electricity customer connections, 31,500 gas customer connections and 65,000 telecommunications customer connections.
From initially owning the 40MW Kaimai scheme near Tauranga, Trustpower grew through an active acquisition programme between 1999 and 2003. Trustpower successfully integrated these geographically diverse schemes into unified operational management regimes and systematic asset management programmes. Trustpower then actively invested in a renewable generation development programme which has brought the total owned hydro and wind generation to 630MW in New Zealand, as well as the 370MW Snowtown Wind Farm in South Australia.
On 18 December 2015 Trustpower announced that it was considering separating into two New Zealand incorporated listed companies, Tilt Renewables and New Trustpower via a Court approved scheme of arrangement. This proposal was approved by shareholders in September 2016 and following Court Approval the two entities listed on the NZX on 28 October 2016. Tilt holds Trustpower's Australian and New Zealand wind assets and is focused on the development, management and operation of wind farms in Australasia and grid connected solar in Australia.
27 May 2020
Trustpower makes solid progress in challenging yearTrustpower & COVID-19The COVID-19 pandemic and the economic consequences of it dominated the last part of the 2020 financial year. However, Trustpower’s resilience and capability meant there was almost no impact on generation capacity or services to customers. Through the successful deployment of our...
15 Apr 2020
Trustpower is pleased to release its quarterly operating results for the quarter ended 31 March 2020.Kevin PalmerTrustpower CFONZX Announcement
17 Feb 2020
FY-20 EBITDAF GuidanceA number of factors have changed since Trustpower last gave market guidance in November 2019. These changes have caused Trustpower to re-evaluate its forecasted FY-20 EBITDAF. The key changes are summarised below:• Materially lower wholesale electricity prices observed to date, with forward spot prices for the rest of...
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