Genesis Energy Limited signs on as official sponsor for Emirates Team New Zealand
Participating in this sponsorship deal:
About Sponsor:
Genesis Energy Limited, formerly Genesis Power Limited, is a New Zealand publicly listed electricity generation and electricity, natural gas and LPG retailing company. It was formed as part of the 1998–99 reform of the New Zealand electricity sector, taking its generation capacity from the breakup of the Electricity Corporation of New Zealand (ECNZ) and taking retail customers from three local power boards in the Lower North Island. <P><BR> Genesis Energy is the largest electricity and natural gas retailer in New Zealand, with 26% and 39% market share respectively in the 2015–2016 financial year. In 2015, Genesis produced 14% of New Zealand's electricity, and is the third largest electricity generating company in New Zealand in terms of MW capacity, GWh generation and revenue
About Property:
Emirates Team New Zealand or ETNZ is a sailing team based in Auckland, New Zealand representing the Royal New Zealand Yacht Squadron. Team New Zealand became a household name in their home country following their consecutive wins in the America's Cup in 1995 and 2000 under the leadership of Sir Peter Blake. In doing this, they became the first team from a country outside the United States to win and successfully defend the America's Cup. In 2017, skippered by Glenn Ashby, they went on to retake the America's Cup.[2]