Your web browser (Internet Explorer) is out of date. Some things will not look right and things might not work properly. Please download an up-to-date and free browser from here.

Commercial solar power a decade away

Meridian Energy has told Parliament that commercial scale solar power generation may be at least a decade away.

The state-owned power company commissioned a solar power plant in California almost a year ago and indicates experience from its operation may be put to use in New Zealand.

Meridian has told Parliament’s Commerce Select Committee the economic success of solar power generation depends on subsidies and incentives. They say without such support it may be around 10 years before solar projects are economic here.

Up to $20 trillion in mineral and oil assets

Image / The Maari Oil Rig in Taranaki

Solid Energy is talking up the value of the country’s mineral and oil assets.

Solid Energy estimates the value of New Zealand’s in-ground mineral and oil assets is between $10 trillion and $20 trillion

According to its financial review report, the state-owned enterprise estimates the value of the in-ground resources at between 10 and 20 trillion dollars.

It says those resources include oil, gas, methane hydrates, coal and lignite, iron sands, and other minerals.

Solid Energy believes most of the deposits are located outside of protected conservation land.

– NewstalkZB

– Homepage image / David Shone


sw on 30/03/2011 1:16am

No doubt another asset for the government to sell for a song and give the benefits for another country.

Ryan on 30/03/2011 3:20am

Great! In ten years time we may not even have any wild free flowing rivers left…. Lots of not-so-wild lakes though!

Related Articles