Waipipi Wind Farm Update

MARKET RELEASE
Date: 5 March 2021

NZX: GNE / ASX: GNE

WAIPIPI WINDFARM UPDATE
Genesis Energy is pleased to announce that Tilt Renewables Limited (“TLT”) has achieved practical completion
of the 133MW Waipipi Wind Farm (“WWF”) located near Waverley in South Taranaki, New Zealand. TLT has
successfully completed all primary construction works and the full commissioning of all 31 turbines. Site
activities are now limited to demobilisation and rehabilitation.

WWF is TLT’s largest single asset in New Zealand, consisting of 31 x 4.3MW wind turbines with a total installed
capacity of 133.3MW, and will produce annual average electricity generation of 455GWh, enough for around
65,000 homes. All electricity produced by the project is being purchased by Genesis Energy under a long-term
offtake agreement.


ENDS



For media enquiries, please contact:
Allan Swann
External Communications Manager
Genesis Energy
M: 027 211 4874

For investor relations enquiries, please contact:
Tim McSweeney
Investor Relations Manager
Genesis Energy
M: 027 200 5548

About Genesis Energy
Genesis Energy (NZX: GNE, ASX: GNE) is a diversified New Zealand energy company. Genesis sells electricity,
reticulated natural gas and LPG through its retail brands of Genesis and Energy Online and is New Zealand’s
largest energy retailer with approximately 500,000 customers. The Company generates electricity from a diverse
portfolio of thermal and renewable generation assets located in different parts of the country. Genesis also has
a 46% interest in the Kupe Joint Venture, which owns the Kupe Oil and Gas Field offshore of Taranaki, New
Zealand. Genesis had revenue of $NZ2.6bn during the 12 months ended 30 June 2020. More information can be
found at www.genesisenergy.co.nz