Contact Energy Secures 10-Year Electricity Supply Deal with Fonterra

MT Newswires Live

2025/02/13

Contact Energy (NZE:CEN, ASX:CEN) signed a 10-year agreement with Fonterra Co-Operative Group (NZE:FCG) to supply 415 gigawatt hours (GWh) of electricity a year to its Whareroa dairy site, according to a Thursday filing with the New Zealand bourse.

The contract will begin in August 2026 at 140 GWh before increasing to 415 GWh by 2028 once transmission upgrades are completed, the filing said.

Contact Energy said the price is consistent with its other recent long-term sales in the North Island and its long-run price expectations when adjusted for location and shape, per the filing.

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