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New Zealand Wind Power Market Size and Trends by Installed Capacity, Generation and Technology, Regulations, Power Plants, Key Players and Forecast, 2021-2030

The New Zealand wind power market’s installed capacity was 2,404.64 MW in 2020. It is expected to grow at a CAGR of more than 5% during 2021-2030. New Zealand’s renewable power market was led by geothermal power with a cumulative installed capacity of 1,264.81 MW as of 2020. Geothermal power is expected to be at a CAGR of over 1% by 2030. The second leading source in the renewable capacity mix of the country in the year 2020 was onshore wind power with a cumulative installed capacity of 688.95 MW, which is expected to reach by 2030 at an estimated CAGR of over 8%. Solar The small hydropower segment is also expected to grow 2030 from 167.28 MW in 2020 at a CAGR of over 38% during the period 2020–2030. Another source in the renewable capacity mix of New Zealand was biopower with a cumulative installed capacity of 119 MW in 2020 which is expected to remain at the same capacity by 2030.

Overview of the wind power market in New Zealand

Overview of the wind power market in New Zealand

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What are the market dynamics in New Zealand’s wind power market?

New Zealand’s renewable power sector has grown rapidly in recent years, on account of several incentive programs and subsidies rolled out by the government in the form of tax reliefs, capital cost grants, and favorable power tariffs for renewable power. Apart from these incentives, the government ensures priority dispatch for power from renewable sources and enforces quota obligations on the stakeholders.

A significant share of domestic energy demand is being met by power from renewable energy sources in the country. It is an outlier, in the usage of renewable energy, among the developed countries, most of which remain largely dependent on fossil fuels. The initial support from the government for renewable energy in New Zealand came in the form of the Energy Efficiency and Conservation Act of 2000, which provided support for almost all renewable technologies. As part of the Energy Strategy 2050 introduced in 2011, the government set a target for renewable power to account for over 90% of domestic power needs by 2025 and ‘close to more than 100%’ by the end of 2040. In 2017, New Zealand revised the target to achieve over 100% renewable electricity by 2035.

New Zealand is expected to add 1,644.81 MW of renewable power capacity during the period 2021-2030. The onshore wind power sector is estimated to add a capacity of 829.19 MW during the period 2021-2030. This represents over 50% of the total net additions in the renewable sector during the period. The solar PV power sector is estimated to add 622.12 MW during the period 2021-2030. This represents over 37% of the total net additions in the renewable sector during the period. The geothermal power market is expected to contribute more than 11% of the renewable power installations during the period year-end 2030. Small hydro had net capacity addition of 6.5 MW during the period 2021-2030, whereas biopower had nil net addition during the period.

What is the renewable power market of New Zealand cumulative installed capacity by source (MW), 2010-2030?

Geothermal power was the leading power source in terms of cumulative installed capacity by the year-end of 2020. It had power dominant share in the total renewable power installed capacity of New Zealand contributing to over 52% in 2020. This share is expected to decrease to over 35% by 2030 owing to an increase in onshore wind power share. The share of onshore wind power was over 28% in 2020 which is expected to increase to more than 37% by 2030. Small hydropower had a share of over 6% in 2020 which is expected to decrease to more than 4% by 2030. This is followed by solar PV and biopower which had shares of over 6 %, respectively in 2020 and are expected to have shares of more than 19% respectively in the total renewable power installed capacity of New Zealand by end of 2030. The below graph below shows the comparison among various renewable sources in terms of cumulative installed capacity in the country by the year-ends 2020 and 2030.

Renewable power market in New Zealand, cumulative installed capacity by sources

Renewable power market in New Zealand, cumulative installed capacity by sources

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What are the different deal analysis in the New Zealand’s wind power market?

The wind power market recorded a total number of 33 deals (including partnership deals) in 2020. Out of which the highest deals belonged to debt offerings followed by equity offerings, Partnerships, acquisition, and asset transactions.

New Zealand wind power market, by deal type

New Zealand wind power market, by deal typeFor more insights on deals, download a free report sample

Market report scope

Market size (Year – 2020) 2,404.64 MW
Growth rate (CAGR) >5%
Base year for estimation 2020
Forecast period 2021-2030
Key sources Onshore wind, Solar PV, Small hydro, Biopower, Geothermal
Key deals Asset Transactions, Debt Offerings, Acquisition, and Partnership

The report analyses New Zealand’s wind power market. The scope of the research includes –

  • A brief introduction to global carbon emissions and global primary energy consumption.
  • An overview of the country’s renewable power market, highlighting installed capacity trends (2010-2030), generation trends (2010-2030), and installed capacity split by various renewable power sources.
  • Detailed overview of the country’s wind power market with installed capacity and generation trends and major active and upcoming wind power projects.
  • Deal analysis of the country’s wind power market.
  • Key policies and regulatory framework supporting the development of wind power sources.
  • Snapshots of some of the major market participants in the country.

Reasons to Buy

  • Enhance your decision-making capability in a more rapid and time-sensitive manner.
  • Identify key growth and investment opportunities in the country’s wind power market.
  • Facilitate decision-making based on strong historic and forecast data for the wind power market.
  • Position yourself to gain the maximum advantage of the industry’s growth potential.
  • Develop strategies based on the latest regulatory events.
  • Identify key partners and business development avenues.
  • Understand and respond to your competitors’ business structure, strategy, and prospects.

Key Players

Windflow Technology Ltd, Pioneer Energy Ltd, NZ Windfarms Ltd, Meridian Energy Ltd, Genesis Energy Ltd

Table of Contents

| Table of Contents

| List of Tables

| List of Figures

1. Introduction

1.1 Carbon Dioxide Emissions, Global, 2001–2020

1.2 Primary Energy Consumption, Global, 2001–2020

1.3 Report Guidance

2. Renewable Power Market, New Zealand

2.1 Renewable Power Market, New Zealand, Installed Capacity, 2010-2030

– Renewable Power Market, New Zealand, Cumulative Installed Capacity by Source, 2010-2030

– Renewable Power Market, New Zealand, Cumulative Installed Capacity Share by Source, 2020 and 2030

– Renewable Power Market, New Zealand, Net Capacity Additions by Source, 2021-2030

– Renewable Power Market, New Zealand, Capacity Growth by Source, 2020–2030

2.2 Renewable Power Market, New Zealand, Power Generation, 2010-2030

– Renewable Power Market, New Zealand, Power Generation by Source, 2010-2030

– Renewable Power Market, New Zealand, Growth in Power Generation by Source, 2020-2030

3. Wind Power Market, New Zealand

3.1 Wind Power Market, New Zealand, Installed Capacity, 2010-2030

3.2 Wind Power Market, New Zealand, Power Generation, 2010-2030

3.3 Wind Power Market, New Zealand, Market Size, 2010-2025

3.4 Wind Power Market, New Zealand, Power Plants

– Wind Power Market, New Zealand, Major Active Plants

– Wind Power Market, New Zealand, Snapshot of Upcoming Plants

– Wind Power Market, New Zealand, Key Under-construction Projects

3.5 Wind Power Market, New Zealand, Deal Analysis, 2020

– Wind Power Market, New Zealand, Deal Volume vs. Deal Value, 2010–2020

– Wind Power Market, New Zealand, Split by Deal Type, 2020

4. Renewable Energy Policy Framework, New Zealand

4.1 Renewable Energy Market, Overview

4.2 New Renewable Energy Target for New Zealand

4.3 Energy Strategy, 2011-2021 (Energy Strategy 2050)

4.4 Energy Efficiency and Conservation Strategy, 2017-2022

4.5 Climate Change and Sustainability Agenda

4.6 National Policy Statement for Renewable Electricity Generation

4.7 Buy-back Rates for Solar Power

4.8 Emissions Trading Scheme (ETS)

– Zero Carbon Bill

4.9 Commercial Project Grants

4.10 Bioenergy Initiative

4.11 Crown Loans Programme

5. Wind Power Market, New Zealand, Company Profiles

5.1 Windflow Technology Ltd

– Windflow Technology Ltd – Company Overview

– Windflow Technology Ltd – Business Description

– Windflow Technology Ltd – SWOT Analysis

– Windflow Technology Ltd – Major Products and Services

– Windflow Technology Ltd – Head Office

5.2 Pioneer Energy Ltd

– Pioneer Energy Ltd – Company Overview

– Pioneer Energy Ltd – Major Products and Services

– Pioneer Energy Ltd – Head Office

5.3 NZ Windfarms Ltd

– NZ Windfarms Ltd – Company Overview

– NZ Windfarms Ltd – Business Description

– NZ Windfarms Ltd – SWOT Analysis

– NZ Windfarms Ltd – Major Products and Services

– NZ Windfarms Ltd – Head Office

5.4 Meridian Energy Ltd

– Meridian Energy Ltd – Company Overview

– Meridian Energy Ltd – Business Description

– Meridian Energy Ltd – SWOT Analysis

– Meridian Energy Ltd – Major Products and Services

– Meridian Energy Ltd – Head Office

5.5 Genesis Energy Ltd

– Genesis Energy Ltd – Company Overview

– Genesis Energy Ltd – Business Description

– Genesis Energy Ltd – SWOT Analysis

– Genesis Energy Ltd – Major Products and Services

– Genesis Energy Ltd – Head Office

6. Appendix

6.1 Abbreviations

6.2 Market Definitions

– Power

– Renewable Power

– Installed Capacity

– Electricity Generation

– Electricity Consumption

6.3 Methodology

– Coverage

– Secondary Research

– Primary Research

– Modelling and Forecasting

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List of Tables

Table 1: Carbon Dioxide Emissions from Energy Consumption, Global, 2001–2020

Table 2: Primary Energy Consumption, Global, 2001–2020

Table 3: Renewable Power Market, New Zealand, Cumulative Installed Capacity by Source (MW), 2010-2030

Table 4: Renewable Power Market, New Zealand, Cumulative Installed Capacity Share by Source (%), 2020 and 2030

Table 5: Renewable Power Market, New Zealand, Net Capacity Additions by Source (MW), 2021-2030

Table 6: Renewable Power Market, New Zealand, Capacity Growth by Source, 2020–2030

Table 7: Renewable Power Market, New Zealand, Power Generation by Source (GWh), 2010-2030

Table 8: Renewable Power Market, New Zealand, Growth in Power Generation by Source, 2020-2030

Table 9: Wind Power Market, New Zealand, Installed Capacity (MW), 2010-2030

Table 10: Wind Power Market, New Zealand, Power Generation (GWh), 2010-2030

Table 11: Wind Power Market, New Zealand, Market Size, 2010-2025

Table 12: Wind Power Market, New Zealand, Major Active Plants – Onshore

Table 13: Wind Power Market, New Zealand, Snapshot of Upcoming Plants

Table 14: Wind Power Market, New Zealand, Key Under-construction Projects

Table 15: Wind Power Market, New Zealand, Deal Volume vs. Deal Value ($m), 2010–2020

Table 16: Wind Power Market, New Zealand, Deals by Type, 2020

Table 17: Buy-back Rates for Renewable Electricity, New Zealand, 2019

Table 18: Windflow Technology Ltd, Major Products and Services

Table 19: Pioneer Energy Ltd, Major Products and Services

Table 20: NZ Windfarms Ltd, Major Products and Services

Table 21: Meridian Energy Ltd, Major Products and Services

Table 22: Genesis Energy Ltd, Major Products and Services

Table 23: Abbreviations

List of Figures

Figure 1: Carbon Dioxide Emissions from Energy Consumption, Global, 2001–2020

Figure 2: Primary Energy Consumption, Global, 2001–2020

Figure 3: Renewable Power Market, New Zealand, Cumulative Installed Capacity by Source (MW), 2010-2030

Figure 4: Renewable Power Market, New Zealand, Cumulative Installed Capacity Share by Source (%), 2020 and 2030

Figure 5: Renewable Power Market, New Zealand, Net Capacity Additions by Source (MW), 2021-2030

Figure 6: Renewable Power Market, New Zealand, Capacity Growth by Source, 2020–2030

Figure 7: Renewable Power Market, New Zealand, Power Generation by Source (GWh), 2010-2030

Figure 8: Renewable Power Market, New Zealand, Growth in Power Generation by Source, 2020-2030

Figure 9: Wind Power Market, New Zealand, Installed Capacity (MW), 2010-2030

Figure 10: Wind Power Market, New Zealand, Power Generation (GWh), 2010-2030

Figure 11: Wind Power Market, New Zealand, Market Size, 2010-2025

Figure 12: Wind Power Market, New Zealand, Snapshot of Upcoming Plants

Figure 13: Wind Power Market, New Zealand, Deal Volume vs. Deal Value ($m), 2010–2020

Figure 14: Wind Power Market, New Zealand, Split by Deal Type (%), 2020

Frequently Asked Questions

The New Zealand wind power market’s installed capacity was 2,404.64 MW in 2020.

 

 

 

 

 

 

The New Zealand wind power market is expected to grow at a CAGR of more than 5% during 2021-2030.

Onshore Wind, Solar PV, Geothermal, Small hydro, Biopower are the key sources in New Zealand’s renewable power market.

The wind power market recorded a total number of 33 deals (including partnership deals) in 2020. Out of which the highest deals belonged to debt offerings followed by equity offerings, Partnerships, acquisition, and asset transactions.

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