Mighty River Power Purchases Local Leading Solar Company



Mighty River Power is purchasing one of New Zealand’s leading solar
businesses, locally based What Power Crisis.

The Ramarama based company has expertise in solar installation outside
of New Zealand, particularly in the Pacific, delivering both on and off grid solutions with storage, including the Fred Hollows Foundation Eye Hospital in the Solomon Islands, and commercial solar solutions for the Auckland Museum and Air New Zealand.

Mighty River Power Chief Executive, Fraser Whineray, said while solar is a niche renewable energy technology, it is becoming an increasingly popular choice for New Zealand home owners and businesses.

What Power Crisis was established in 2005 and company founder, Dave
Keppel, received the Supreme Award, Industry Person of the Year, at last year’s Sustainable Electricity Association of New Zealand (SEANZ) Excellence in Solar Industry Awards.

He was awarded this because of his infectious passion and drive for the solar and storage industry. His contribution always includes help for smaller industry participants who maybe competitors, his generous assistance for industry events, and his belief in maintaining a strong independent solar industry for New Zealand.

New Zealand already has a world leading position with 80% renewable electricity generation, supported by Mighty River Power’s 100% renewable hydro and geothermal generation. Solar, which accounts for less
than 1% of generation in New Zealand, is complementary to the
country’s hydro, geothermal and wind resources, he said.

Dave Keppel will remain with What Power Crisis as General Manager, continuing to oversee operations on a day-to-day basis. Matt Olde, Chief Executive of Mighty River Power’s metering business, Metrix, will be responsible for the solar business. The purchase is due to settle at
the end of February 2016.

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