New Zealand's electricity demand may double by 2050

New Zealand's electricity demand is expected to nearly double by 2050, according to the Ministry of Business, Innovation and Employment. This increase is driving the government to support the development of more renewable energy projects. Under a new fast-track law, 22 out of 148 listed projects focus on generating new energy. These projects may include wind, solar, and geothermal power. Additionally, the government is looking into importing liquefied natural gas (LNG) to help meet energy needs as the country transitions to more renewable sources. Historically, New Zealand's governments have encouraged the industry to boost energy supply. This has included a mix of renewable and non-renewable resources, such as gas and coal in the mid-term. The push for increased energy production reflects a growing concern about future demand and energy security.