Latest news with #PaulCoster
RNZ News
14-07-2025
- Business
- RNZ News
Electric Kiwi launches open tender to encourage renewable energy projects
Solar panels, grass and and blue sky. Photo: 123RF Small power retailer Electric Kiwi is looking to spur the development of renewable energy projects through long term power deals. It's calling on developers to tender for long-term power purchase agreements (PPAs) and potentially a battery storage tolling arrangement. Electric Kiwi will offer successful tenderers 10-to-15 year deals to buy their renewable power, guaranteeing itself a long term supply of power, while giving generators a guaranteed buyer to justify the investment in a project. "This is a significant opportunity for New Zealand's renewable developers to have their existing facility or planned project backed by a long-term commercial agreement," Electric Kiwi chief operating officer Nick Haines said. "A PPA with Electric Kiwi represents a win-win. Importantly, we get price stability and diversity of supply, while developers get long-term purchase agreements that can unlock financing and help accelerate their projects." He said the PPAs were part of the company's plant to expand its business by focusing on securing long-term, fixed-price supply from new renewable generation across New Zealand. The tender is being managed by EVA Marketplace, with expressions of interest being accepted for the next couple of weeks, and firms bids to be lodged by September. EVA founder Paul Coster said their role was to broker "high quality, enduring agreements for Electric Kiwi while ensuring a fair, competitive process for developers". Electric Kiwi has more than 80,000 customers, mostly domestic, and last year briefly suspended taking on new customers because of high wholesale electricity prices. The company has been a loud critic of the dominance of the major four gentailers - Contact, Genesis, Meridian and Mercury - and the operation of the overall electricity market. Sign up for Ngā Pitopito Kōrero , a daily newsletter curated by our editors and delivered straight to your inbox every weekday.
Scoop
13-07-2025
- Business
- Scoop
Electric Kiwi Launches Open Tender To Secure Renewable PPAs
Independent electricity retailer Electric Kiwi is inviting renewable energy developers across Aotearoa to participate in an open market tender for long-term power purchase agreements (PPAs) and potentially a battery storage tolling arrangement. The tender, managed by EVA Marketplace, launched last week will run through to late September, with Expressions of Interest now being accepted until 25 July. Electric Kiwi is offering developers the opportunity to secure 10-15-year power purchase agreements that will support the commercial viability of new renewable generation, while helping fuel Electric Kiwi's growth and deliver on its commitment to clean, affordable power for New Zealanders. 'This is a significant opportunity for New Zealand's renewable developers to have their existing facility or planned project backed by a long-term commercial agreement,' says Electric Kiwi's Nick Haines. 'We're proud to be creating a pathway for more wind and solar developments, and potentially battery storage projects, to get off the ground and contribute to New Zealand's energy future.' 'A PPA with Electric Kiwi represents a win-win. Importantly, we get price stability and diversity of supply, while developers get long-term purchase agreements that can unlock financing and help accelerate their projects.' Electric Kiwi is planning to significantly grow its electricity retail offering in the coming years. As part of an evolving purchasing strategy, Electric Kiwi is focusing on securing long-term, fixed-price supply from new renewable generation across New Zealand. EVA Marketplace, New Zealand's marketplace for renewable PPAs, will manage a rigorous tender process from end-to-end, including response evaluation, provision of a standard-form PPA, and facilitation of final negotiations. 'Our role is to broker high quality, enduring agreements for Electric Kiwi while ensuring a fair, competitive process for developers,' says Paul Coster, Founder of EVA Marketplace. 'We're excited to support an independent retail player that's committed to renewables and New Zealand's future prosperity.' Developers interested in participating in the tender are encouraged to register their interest with EVA Marketplace at
