Contact enters supply agreement with Fonterra
Contact Energy Limited Level 2 Harbour City Tower, 29 Brandon Street, Wellington 6011 | PO Box 10742, Wellington 6143
P: +64 4 499 4001 | W: contactenergy.co.nz
13
th
February 2025
Contact enters supply agreement with Fonterra
Contact Energy has entered into a new 10-year agreement with Fonterra to supply ~415 GWh of
electricity a year to its Whareroa dairy site.
Contact’s electricity supply agreement begins in August 2026 at ~140 GWh representing existing
demand at the site and, over time, is expected to step up to reach ~415 GWh in 2028 following
completion of the necessary transmission upgrades. The shape of the electricity supply agreement is
weighted to summer.
“New summer-weighted demand aligns with Contact’s portfolio of renewable generation and is a great
fit for the solar projects Contact is developing with Lightsource bp. With its strong renewable
development pipeline, Contact is well placed to support customers as they decarbonise. It’s also
encouraging to see the New Zealand dairy sector providing proof that electricity can be more
economic than traditional fuels like natural gas,” said Chief Development and Major Projects Officer
Dorian Devers.
The price is consistent with Contact’s other recent long term North Island sales and its long-run price
expectations when adjusted for shape and location.
- ends –
Investor enquiries Media enquiries
Shelley Hollingsworth Louise Wright
Investor Relations and Strategy Manager Head of Communications and Reputation
+64 27 227 2429 +64 21 840 313
investor.centre@contactenergy.co.nz media@contactenergy.co.nz
Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.
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