India, July 23 -- Mercury NZ Limited (MCY.AX) on Thursday announced that it has invested NZ$53 million, equivalent to $30 million, for a 12.7 percent minority stake in Datagrid Holding Group NZ Ltd, a company developing a 360-megawatt data centre project in Southland.
The investment strengthens Mercury's position in supporting long-term renewable electricity demand and is being funded through existing capital facilities.
The North Makarewa project has already secured resource consent, with a final investment decision expected later this year. Mercury previously signed a 140-megawatt power purchase option agreement with Datagrid NZ and said the investment aligns with its strategy of supporting renewable generation through long-term demand ...