Eastland Generation opens offtake tender for TOPP2 geothermal power plant in New Zealand
Eastland Generation has announced a tender for power offtake from the TOPP2 geothermal power plant in New Zealand, set to be operational later this year.
Renewable energy company Eastland Generation has announced a tender for power offtake from the 49-MW TOPP2 geothermal power plant, located in the Kawerau region of New Zealand. The power plant will be commissioned later this year and aims to be fully operations by the end of 2025.
In a release, the company stated that it is open to a range of contract options including Corporate Power Purchase Agreements, Contracts for Difference, and direct contracting. The company has partnered with financial service platform Marex to support its electricity sales.
TOPP 2 is a binary power plant, with the power plant facilities supplied by Ormat Technologies. It is the company’s largest geothermal project to date, expanding their overall operating capacity to 118 MW. It is also Eastland Generation’s first project to be completed since Obayashi Corporation acquired a 50% stake in the company.
The project also showcases a partnership with Ng?ti T?wharetoa Geothermal Assets Limited (NTGA), which manages the steam field and wells and provides long-term supply of geothermal energy to the power station.
“When TOPP2 is fully operational, Eastland Generation will have achieved the next phase of our growth strategy,” said Eastland Generation CEO Alice Pettigrew.
Eastland Generation owns and operates three geothermal power plants in the Kawerau geothermal field in the Bay of Plenty region – Te Ahi o Maui (26MW), Geothermal Developments Ltd (9MW) and TOPP1 (24MW). The company also owns and operates a hydropower station (5MW) near Wairoa and a utility-scale solar farm (5MW) in Tairawhiti.
Interested parties may contact Eastland Generation CFO Belinda Lake at belinda.lake@egen.nz or Marex at electricitynz@marex.com.
Source: Scoop.nz and Eastland Generation via LinkedIn
