Mercury (ASX:MCY) Forecasts 3,400 GWh Hydro Generation and Secures Long-term Contracts
Hydro Generation Forecast
Mercury forecasts hydro generation of 3,400 GWh for FY25, impacted by record low Waikato catchment inflows and continued dry conditions.
Long-term Contracts
The company has signed a ten-year supply agreement with Fonterra for approximately 260 GWh per year starting from August 2025 and July 2026, supporting electrification at Fonterra’s Edgecumbe and Waitoa operations. Additionally, Mercury’s supply agreement with New Zealand Aluminium Smelters commenced in January 2025, initially for 50MW, increasing to 75MW by 2027.
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