Potential offtaker

Vector Limited

www.vector.co.nz

Estimated electricity consumption

N/A

Countries of production presence

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Vector Ltd is a leading energy infrastructure company based in New Zealand that operates in the electric distribution sector. The company has been in operation since 1994 and has established itself as a reliable provider of energy solutions to homes and businesses across the country. Vector Ltd is committed to decarbonisation and is at the forefront of the transition to renewable energy sources.

The company's primary focus is on the distribution of electricity, gas, and fibre optic services to residential, commercial, and industrial customers. Vector Ltd operates a vast network of power lines and gas pipelines that span across Auckland, Manukau, and parts of the Waikato region. The company also provides a range of energy-related services, including smart metering, energy management, and electric vehicle charging.

Vector Ltd is committed to decarbonisation and is taking significant steps to reduce its carbon footprint. The company has set a target to reduce its greenhouse gas emissions by 30% by 2022 and has already made significant progress towards this goal. Vector Ltd is investing in renewable energy sources such as solar and wind power and is actively promoting the use of electric vehicles.

One of the ways Vector Ltd is promoting the use of renewable energy sources is through corporate energy solutions. The company offers a range of energy management services to businesses, including energy audits, energy efficiency upgrades, and renewable energy solutions. Vector Ltd's corporate energy solutions help businesses reduce their energy consumption and carbon footprint, which in turn helps them save money on energy bills.

Another way Vector Ltd is promoting the use of renewable energy sources is through corporate power purchase agreements (PPAs). A PPA is a contract between a business and a renewable energy provider that allows the business to purchase renewable energy at a fixed price over a set period. Vector Ltd offers corporate PPAs to businesses that want to source their energy from renewable sources. Through corporate PPAs, businesses can reduce their carbon footprint and achieve their sustainability goals.

Vector Ltd is also investing in renewable energy projects. The company has a portfolio of renewable energy assets, including wind farms and solar installations. Vector Ltd's renewable energy projects generate clean energy that is fed into the national grid, helping to reduce New Zealand's reliance on fossil fuels.

In conclusion, Vector Ltd is a leading energy infrastructure company based in New Zealand that operates in the electric distribution sector. The company is committed to decarbonisation and is at the forefront of the transition to renewable energy sources. Vector Ltd offers a range of energy-related services, including smart metering, energy management, and electric vehicle charging. The company is promoting the use of renewable energy sources through corporate energy solutions, corporate PPAs, and renewable energy projects. Vector Ltd's commitment to decarbonisation and renewable energy makes it a leader in the energy industry and a valuable partner for businesses looking to reduce their carbon footprint.

✓ Declared Net Zero commitment