1 00:00:00,040 --> 00:00:03,159 Speaker 1: The next step in our renewable power journey could be offshore. 2 00:00:03,200 --> 00:00:05,880 Speaker 1: When Belgian company park Wind is exploring a large scale 3 00:00:05,920 --> 00:00:08,440 Speaker 1: farm in South Taranaki could be back by about five 4 00:00:08,480 --> 00:00:10,680 Speaker 1: billion in private investment. There's a potential of one hundred 5 00:00:10,720 --> 00:00:13,600 Speaker 1: million in annual operations to the region. Peter Spencer is 6 00:00:13,600 --> 00:00:15,960 Speaker 1: the country manager of park when New Zealand end as well. 7 00:00:16,000 --> 00:00:19,079 Speaker 1: There's Peter morning to you. How reel is this? 8 00:00:20,760 --> 00:00:24,560 Speaker 2: It's real. It's being built a bit time all around 9 00:00:24,600 --> 00:00:28,360 Speaker 2: the world, including over the ditch with our cousins in Australia, 10 00:00:29,000 --> 00:00:32,839 Speaker 2: so they're going big on it, and certainly in Europe 11 00:00:33,000 --> 00:00:35,800 Speaker 2: it's been they've been building off for a wind since 12 00:00:35,840 --> 00:00:39,120 Speaker 2: about twenty twenty. So it's certainly out there and it's 13 00:00:39,159 --> 00:00:42,640 Speaker 2: an opportunity for New Zealand if we choose to sieve it. 14 00:00:43,200 --> 00:00:45,760 Speaker 1: Do We have the regulatory framework set to go. 15 00:00:46,800 --> 00:00:49,680 Speaker 2: It's in the pipeline, so the government is working on 16 00:00:49,720 --> 00:00:53,000 Speaker 2: it at the moment. There's a few sifferent points that 17 00:00:53,040 --> 00:00:56,120 Speaker 2: we are trying to work through with them, but there's 18 00:00:56,120 --> 00:00:58,560 Speaker 2: certainly that they're team to get it done and it 19 00:00:58,600 --> 00:00:59,560 Speaker 2: needs to be done right. 20 00:01:00,720 --> 00:01:06,720 Speaker 1: How do you fit in to solar onshore wind, geothermal, rain, 21 00:01:06,880 --> 00:01:09,840 Speaker 1: the whole thing. Are you a major player or a 22 00:01:09,840 --> 00:01:10,480 Speaker 1: bit player? 23 00:01:11,360 --> 00:01:14,200 Speaker 2: I think yeah. I think what offshre wind offers that 24 00:01:16,040 --> 00:01:20,080 Speaker 2: alternatives don't is just the scale of them. So like, 25 00:01:20,240 --> 00:01:25,320 Speaker 2: for instance, an offshore wind farm somewhere like South Caronette 26 00:01:25,760 --> 00:01:28,919 Speaker 2: that could have the same power output as something like MANATORI. 27 00:01:29,440 --> 00:01:31,199 Speaker 2: So it would be if we built that, it would 28 00:01:31,240 --> 00:01:33,520 Speaker 2: be one of the biggest power stations in the companies 29 00:01:33,880 --> 00:01:37,000 Speaker 2: in the country so far, far larger scale than you 30 00:01:37,040 --> 00:01:40,639 Speaker 2: would get from onshore projects which tend to be quite small. 31 00:01:41,240 --> 00:01:45,319 Speaker 2: And you know, I think no one's pitching now offshore 32 00:01:45,400 --> 00:01:48,760 Speaker 2: wind to be built tomorrow, but you know, kind of 33 00:01:48,800 --> 00:01:51,080 Speaker 2: mid twenty thirties, when a lot of the best on 34 00:01:51,240 --> 00:01:55,600 Speaker 2: sure alternatives have already been developed, then it's something it's 35 00:01:55,680 --> 00:01:58,800 Speaker 2: very valuable for you doing to have this large scale 36 00:01:58,880 --> 00:02:01,880 Speaker 2: project that can be built in the mid twenty thirties 37 00:02:02,000 --> 00:02:06,480 Speaker 2: and make sure that we have a secure and resilient energy. 38 00:02:08,560 --> 00:02:12,520 Speaker 1: Yeah, if you went go tomorrow, how long would it 39 00:02:12,560 --> 00:02:14,440 Speaker 1: take to build? 40 00:02:14,639 --> 00:02:17,520 Speaker 2: So we would be looking at about seven years of feasibility, 41 00:02:17,560 --> 00:02:20,720 Speaker 2: which is about going out there doing your environmental studies 42 00:02:21,080 --> 00:02:25,639 Speaker 2: during your geotechnical studies. Once you've done that, and if 43 00:02:25,639 --> 00:02:28,040 Speaker 2: you have a project that stacks up commercially, you would 44 00:02:28,040 --> 00:02:31,560 Speaker 2: then spend about three years to build it and then 45 00:02:32,000 --> 00:02:35,639 Speaker 2: it would become operational. So operation will probably from around 46 00:02:35,639 --> 00:02:36,720 Speaker 2: mid twenty thirty five. 47 00:02:37,160 --> 00:02:39,480 Speaker 1: Okay, who's done it well? Who do we look at. 48 00:02:41,200 --> 00:02:44,960 Speaker 2: The Europeans of the masters of it? The Australians are 49 00:02:44,960 --> 00:02:49,840 Speaker 2: doing very well, like especially in Victoria, they're really kind 50 00:02:49,880 --> 00:02:55,480 Speaker 2: of following the best practice from Europe and so luckily 51 00:02:55,560 --> 00:02:58,040 Speaker 2: usually just kind of following Australia. So I think we're 52 00:02:58,080 --> 00:03:00,239 Speaker 2: going about it the right way. There is just a few, 53 00:03:01,200 --> 00:03:03,520 Speaker 2: you know, a few things we need to sort out. 54 00:03:03,760 --> 00:03:05,480 Speaker 1: Good stuff, we'll go. Well, nice to talk to you. 55 00:03:05,560 --> 00:03:08,160 Speaker 1: Appreciate the INSIGHTE Peter Spencer who and apologies for the 56 00:03:08,160 --> 00:03:10,480 Speaker 1: phone line. He was in Faks sitting on a propeller 57 00:03:10,480 --> 00:03:13,880 Speaker 1: three hundred kilometers offshore or I might have made that 58 00:03:14,040 --> 00:03:16,960 Speaker 1: up one or the other country manager for Park went. 59 00:03:17,400 --> 00:03:20,280 Speaker 2: For more from the mic Asking Breakfast Listen live to 60 00:03:20,400 --> 00:03:23,480 Speaker 2: news talks. It'd be from six am weekdays, or follow 61 00:03:23,520 --> 00:03:25,079 Speaker 2: the podcast on iHeartRadio.