Genesis Energy, Contact Energy, Meridian Energy Shares Rise After NZ Government Expresses Support to Accelerate Bioenergy

MT Newswires Live

2025/10/22

Genesis Energy (ASX:GNE, NZE:GNE), Contact Energy (ASX:CEN, NZE:CEN), and Meridian Energy (ASX:MEZ, NZE:MEL) shares rose after the New Zealand government said Wednesday that it wants to advance bioenergy in the country.

The government has released its Wood Energy Strategy and Action Plan and a Statement on Biogas, expressing support for the bioenergy sector and highlighting the importance of diversifying the country's energy mix for long-term energy security.

Mercury NZ (ASX:MCY, NZE:MCY) shares fell after the announcement, which was made by Simon Watts, the NZ Minister of Climate Change and Energy.

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