NZ needs to 'ramp up' investment in renewable energy, Infrastructure Commission says
The Infrastructure Commission warns planning needs to start now for how energy infrastructure will power a larger, low-carbon economy.
Its latest report estimates $2 to $5 billion will need to be spent per year over the next 30 years on electricity.
General Manager of Strategy Peter Nunns says generation from sources like wind, solar, and geothermal will need to expand to meet demand.
He told Heather du Plessis-Allan there’s a gap at the moment in terms of energy, which is contributing to high and volatile prices.
According to the Climate Commission, electricity use will rise about 60% over the next generation, Nunns says, so generation, transmission, and distribution will all need to increase to match it.
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