|Traded as||NZX: TPW|
|Headquarters||Tauranga, New Zealand|
|Services||Electricity Gas Internet Telecommunications|
Number of employees
Trustpower is New Zealand's fifth largest electricity generator (in terms of MW capacity, GWh output and revenue) and the fourth largest electricity retailer (in customer numbers).
In New Zealand, Trustpower now has 29 hydro-electricity schemes, with a total of 47 power stations. In Australia, the Company has three schemes containing six generating units. In total, it has generating capacity of 532 megawatts. It generates the majority of its electricity using renewable energy sources.
Trustpower operates a multi-product retail business in New Zealand, including electricity, gas and telecommunications products with approximately 280,000 electricity customer connections, 33,000 gas customer connections and 76,000 telecommunications customer connections (figures accurate as at May 2017).
The company's ownership structure is dominated by its two major shareholders: Infratil which owns 51.0% and the Tauranga Energy Consumer Trust (TECT) which owns 26.8% and the remaining 22.2% is widely held.
In 2015, it bought 65% of King Country Energy Ltd from Nova Energy. King Country Energy generates all of its electricity from renewable sources (principally hydro-electric generation) and supplies electricity to the Waitomo, King Country and Ruapehu Districts. King Country Energy was incorporated in 1991.
On 18 December 2015, Trustpower announced that it was considering a process to demerge its wind assets in Australia and New Zealand, separating into two New Zealand incorporated listed companies by way of a Court-approved scheme of arrangement. The Demerger, effective on 31 October 2016, resulted in the creation of two new companies, Trustpower and Tilt Renewables. The demerger enables each business to focus on their respective areas of specialisation. Tilt Renewables can expand on Trustpower’s Australian wind development and generation business; and Trustpower can continue to expand on its current hydro electricity initiatives and multi-product retail strategy in New Zealand.
|Bream Bay||diesel||9 MW||2011||Northland|
|Kaimai||Lloyd Mandeno||hydro||16 MW||1972||Bay of Plenty|
|Lower Mangapapa||hydro||5.6 MW||1979|
|Kaimai 5||hydro||0.3 MW||1994|
|Wheao/Flaxy||Wheao / Flaxy||hydro||26 MW||1982|
|Esk||Rimu||hydro||2.4 MW||2013||Hawke's Bay|
|Arnold||Arnold||hydro||3 MW||1932||West Coast|
|Kaniere||Kaniere Forks||hydro||0.4 MW||1909|
|McKay's Creek||hydro||1.1 MW||1931|
|Waipori||Deep Stream||hydro||5 MW||2008|
|Keepit||hydro||7 MW||1960||New South Wales|
- "Financial Statements 2016" (PDF). TrustPower. 15 May 2016.
- "Major shareholders". TrustPower. Retrieved 6 July 2017.
- "Contract to purchase Energy Direct NZ now unconditional". NZX. 14 June 2013. Retrieved 15 March 2014.
- "Trustpower becomes new majority shareholder in KCE – changes to KCE board". King Country Energy. 7 December 2015.
|Wikinews has related news: Trustpower plans to build new windfarm in New Zealand|