Meridian Energy Ltd

Overview

Meridian Energy Ltd (Meridian Energy) is a state-owned energy utility that generates, trades and retails electricity. It utilizes renewable energy sources such as wind and water for generation of electricity. It also procures electricity from the wholesale electricity market. The company supplies electricity to homes, businesses and farms in New Zealand. It also supplies electricity to residential and commercial customers in Australia through its subsidiary Powershop Australia Pty Limited. Meridian Energy operates hydropower plants on the Waitaki River and Manapouri Lake in New Zealand and operates wind power plants in New Zealand and Australia. The company has presence in New Zealand, Australia and the UK. Meridian Energy is headquartered in Wellington, New Zealand.
Key Stats
Address
33 Customhouse Quay, The Terrace, PO Box 10840, WELLINGTON, New Zealand
Headquarters

New Zealand

Contact

64 4 3811200

No of Employees

1,001

Industry

Alternative Energy

Ticker Symbol & Exchange​

MEL [NZE]

Revenue (2021)

$2,789 m

26.2% (2021 vs 2020)
Net Income (2021)

$278 m

143.4% (2021 vs 2020)
Net Profit Margin

10 %

92.7% (2021 vs 2020)
Market Cap *

$9,454 m

EPS *

$0.1

  *Note: Ratios based on the share price as of 8-September-2021, in absolute numbers and US$.

Peer Comparison

Key Parameters Meridian Energy LtdGenesis Energy LtdContact Energy Ltd
Key Information
Headquarters New Zealand New Zealand New Zealand
Headquarter City WELLINGTON AUCKLAND WELLINGTON
Headquarter State/Province - Auckland -
No. of Employees 1,001 1,149 945
Entity Type Public Public Public

Products & Services

Meridian Energy is an energy utility company. The company’s key products, services and brands include the following:

Products
  • Electricity
Services
  • Retailing
  • Wholesale Trade
Brands
  • Meridian
  • Powershop
Key Financial Charts
Sales Growth
Operating Margin
Net Income Growth
EPS (Earnings per Share)
Debt to Equity Ratio
Return on Assets

Employees

Name Position Board Since Age Biography
Lisa Hannifin Chief Customer Officer Senior Management 2019 - Ms. Lisa Hannifin has been the Chief Customer Officer of the company since 2019. Prior to this, she led the...
Mike Roan Chief Financial Officer Senior Management 2019 - Mr. Mike Roan has been the Chief Financial Officer of the company since April 2019. Prior to this, he served...
Mark Verbiest Chairman Executive Board 2019 - Mr. Mark Verbiest has been the Chairman of the company since 2019. Presently, he serves on the board of various...
Tania Palmer Chief People Officer Senior Management 2019 - Ms. Tania Palmer has been the Chief People Officer of the company since June 2019. Prior to this, she served...
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History

Year Event Description
2021 Contracts/Agreements In January, the company entered into an agreement with Contract Energy to supply electricity required…
2021 Contracts/Agreements In September, the company along with Contact Energy, Genesis Energy, Wegaw, and Ara Ake entered…
2020 Corporate Changes/Expansions In July, the company expanded its commercial-scale solar energy generating capability to achieve carbon neutral…
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2019 Quis autem vel Ut enim ad minima veniam, quis nostrum exercitationem ullam corporis suscipit laboriosam
2018 Quis autem vel Ut enim ad minima veniam, quis nostrum exercitationem ullam corporis suscipit laboriosam

Locations


Meridian Energy Captive Insurance Limited

Address

Level 2 15 Allen Street, Wellington
New Zealand

Telephone

64 04 3811200

Meridian Energy Australia Pty. Ltd.

Address

Suite 3, Lvl 7 7 Bond St, Sydney
Australia

Telephone

02 9241 4422

Powershop New Zealand Ltd

Address

P.O. Box 7651, Newtown
New Zealand

Telephone

64 6 3772165

Website

www.powershop.co.nz
Damwatch Engineering Ltd

Address

Level 8, 80 The Terrace, Wellington
New Zealand

Telephone

64 4 3811300

Website

www.damwatch.co.nz
Mt Millar Wind Farm Pty Ltd

Address

Range Road, Cowell
Australia

Telephone

61 7 32284333

Deals

Number of Deals
Deal Value (US$ m)

Latest Deals

Announced Date Headline Deal Type Acquirers / Investors / Surviving Entity Issuer / partner / Target
08 Jun 2021 Meridian Energy Plans to Sell Meridian Energy Australia Acquisition Meridian Energy Australia Pty. Ltd.
24 Feb 2021 Meridian Energy to Invest USD289.3 Million in Harapaki Wind Farm in New Zealand Asset Transaction Meridian Energy Ltd
14 Feb 2019 Meridian Energy Prices Private Placement of Bonds for USD300 Million Debt Offering Meridian Energy Ltd
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06 Mar 2017 Lorem ipsum dolor sit amet, consectetur adipiscing elit Eiusmod Tempor Exercitation cillum velit
01 Mar 2016 Lorem ipsum dolor sit amet, consectetur adipiscing elit Eiusmod Tempor Exercitation cillum velit

Jobs Overview

1

Active Jobs

0

Posted

0

Closed

Job Trends

Latest Jobs

Job title Company Country
Wind Technician (Electrical) – Te Apiti Meridian Energy Ltd United States
Group Information Security Manager Meridian Energy Ltd New Zealand
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Cras Malesuada Dolor nisi Lorem minim amet cillum elit. Cursus Sed Pulvinar
Cras Malesuada Dolor nisi Lorem minim amet cillum elit. Cursus Sed Pulvinar
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