New Zealand-based utility Contact Energy Limited (<a href="https://www.nzx.com/instruments/CEN" target="_blank">NZE:CEN</a>) has agreed to acquire Manawa Energy Limited (<a href="https://www.nzx.com/companies/MNW" target="_blank">NZE:MNW</a>), a local renewables firm with an installed generation capacity of over 500 MW and a gigawatt-scale pipeline, at a total equity valuation of NZD 1.86 billion (USD 1.14bn/EUR 1.03bn).