Meridian Energy Limited (MDDNF)
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Meridian Energy Limited Profile
| Independent Power and Renewable Electricity Producers Industry | Utilities Sector | Mike Roan CEO | OTC PINK Exchange | NZMELE0002S7 ISIN |
| NZ Country | 936 Employees | 5 Mar 2026 Last Dividend | 30 Apr 2015 Last Split | - IPO Date |
Overview
Meridian Energy Limited is a renowned energy company that focuses on the generation, trading, and retailing of electricity to a diverse range of customers including residential, business, and industrial sectors. Operating primarily in New Zealand, Australia, and the United Kingdom, the company boasts a significant presence in the energy market. With a rich history stemming from its origins as Hydro Energy Limited, Meridian Energy Limited was established in 1998 and has since grown to become a leader in renewable energy production. Headquartered in Wellington, New Zealand, the company is dedicated to sustainability and innovation in electricity generation, with a strong portfolio of hydro stations, wind farms, and solar arrays.
Products and Services
Meridian Energy Limited offers a comprehensive range of products and services designed to meet the energy needs of its diverse clientele.
- Electricity Generation: The company operates 7 hydro stations with a combined capacity of 2,353 MW, harnessing the power of water to produce clean, renewable electricity. This method not only supports New Zealand's energy needs but also contributes to the global effort in reducing carbon emissions.
- Wind Farms: With 5 wind farms boasting a capacity of 416 MW, Meridian Energy takes advantage of the wind's natural power. These farms are a testament to the company's commitment to renewable energy sources and play a vital role in its generation portfolio.
- Solar Power: Recognizing the sun as an abundant source of energy, Meridian Energy has invested in grid-scale solar arrays to further diversify its energy generation methods. Additionally, the company offers solar installation services, enabling customers to generate their own solar power, thereby reducing their energy costs and environmental footprint.
- Retailing: Under the Meridian Energy and Powershop brands, the company retails electricity to a wide range of customers. By providing various options and plans, Meridian caters to the unique needs of each customer, whether they are residential, business, or industrial clients. This approach ensures that customers have access to reliable and sustainable energy solutions tailored to their specific requirements.
