Mercury NZ Limited announced that the Energy Minister Dr. Megan Woods cut the ribbon to ceremonially "switch on" New Zealand's biggest wind farm on May 4, 2023. Mercury's Turitea Wind Farm in Manawat adds 2% additional renewable energy to the country's National Grid. New Zealand's largest wind farm will produce on average 840GWh each year, enough to power 120,000 households or 375,000 EVs.

Mercury has a strong pipeline of renewable development and is well positioned to continue developing renewable projects at pace. The $465 million project was announced in 2019 the same year the government passed the Zero Carbon Act that set up a framework to achieve the aims of the 2015 Paris Agreement, including a target to reduce emissions of all greenhouse gases (except biogenic methane) to net zero by 2050. Turitea's 33 northern turbines have been generating to the Grid since December 2021, and the southern 27 turbines are coming on stream with full operation scheduled for June.

Company's next project will be the 43MW Kaiwera Downs Stage I, currently under construction near Gore, with commissioning scheduled for late this year. Company's pipeline of further projects is almost equivalent in size to Mercury's existing generation portfolio with over 8,000GWh either in construction, consented or in consenting.