The outlook for New Zealand's non-hydropower renewable energy sector remains subdued, though risks areincreasingly to the upside in light of ambitious energy and emissions targets. The country is well suited to the development ofrenewables and already makes extensive use of sources such as geothermals to meet domestic consumption demands. Windpower is also relatively well developed and while solar power currently lags behind there is scope for significant expansion, both as apower supply solution for remote communities and as part of the integrated national grid. While the project pipeline is currentlyslim, we do expect to see new projects in development in the future, particularly as New Zealand offers one of the regions mostattractive investment profiles.
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