New Zealand's Electricity Market and Renewables

The food and fibre sector is an important driver of economic activity in New Zealand and a significant source of export earnings. It also has the potential to contribute to the government’s growth and export goals. Recent developments in US tariff policy are in the process of redefining global trade relations, creating threats and opportunities for those in the sector. To take best advantage, participants should be looking to diversify into new markets, while simultaneously looking at ways to maximise cost efficiencies.

Last week, the government's Investment Boost announcement provided exciting news for prospective investors in the MyFarm Solar Fund.

The policy allows for a one-time 20% write-down on new assets, enabling businesses to claim both the Investment Boost and a standard depreciation deduction in the year they purchase the asset. This development accelerates the depreciation process, resulting in a larger deduction for the year of purchase.

The Centre for Sustainable Finance: Toitū Tahua (CSF) and EECA (Energy Efficiency and Conservation Authority) have, today, announced a strategic partnership to accelerate private investment in New Zealand’s energy transition. This collaboration aims to address barriers to financing renewable energy projects and energy efficiency projects.