Nordics Food & Drink Q1 2019
New Zealand is home to relatively mature renewable energy sector where a combination of primarily geothermal andwind as well as small solar and biomass segments together account for almost a quarter of total electricity generated in the market(according to our 2018 forecasts). A lack of incentive for investors in the market and limited consumption growth mean that atpresent the outlook for the renewables sector remains subdued with only weak gains in capacity and generation anticipated overthe coming years. Upside risk continues to stem, however, from the government's renewed commitment to the advancement ofthe renewables sector over the longer term.
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