Rejection of Seabed Mining Bid in New Zealand Supports Offshore Wind Development
WIND ENERGY
The rejection of a seabed mining bid in the South Taranaki Bight has bolstered prospects for offshore wind projects in New Zealand. Three offshore wind firms have exited the market in the past 18 months, but remaining developers view this decision as favorable for attracting investment and advancing their initiatives.

Feb 22, 2026, 6:03 AM