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.
9 Dec 2020
Trustpower Limited is aware from the media and Infratil Limited’s release to the NZX earlier today that Australian Super has approached Infratil with a view to acquiring a 100% interest in Infratil. Infratil has rejected the approach. There has been no approach by Australian Super to Trustpower. However, if the...
15 Oct 2020
Trustpower is pleased to release its quarterly operating results for the quarter ended September 2020.NZX Announcement
4 Sep 2020
Trustpower is pleased to announce that David Gibson and Peter Coman are joining its Board. David will join effective Monday 7 September 2020. Peter will join effective 6 November 2020, contemporaneous with Geoff Swier retiring. Geoff’s intended retirement has previously been advised in the results announcement of 27 May 2020.David...
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