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Background History

NZ Windfarms is a wind turbine based renewable electricity generation firm. Core activities are the identification of economically feasible wind farm sites, their development and operation.

The Company is committed to building wind farms that, where possible, make use of existing or excess capacity within the local lines and roading networks.

 

These developments provide economic benefits to local communities and assist the efficiency of electricity generation and distribution by providing appropriate levels of generation close to where it is needed.


Since the Company's incorporation in 2004, some major milestones have been accomplished:

  • May 2005 -  the Te Rere Hau wind farm was consented
  • December 2005 - the Company raised over $4 million from its IPO onto the NZAX
  • September 2006 - the Prime Minister Rt Honorable Helen Clark officially opened Stage 1 of Te Rere Hau wind farm (with the first five turbines installed)
  • December 2006 - the confirmation of the Te Rere Hau Joint Venture with our partners NPBB Pty Limited (NP Power and Babcock and Brown WindPower)
  • June 2007 - a further $75 million secured in our second capital raising where we welcomed Vector Limited as a 19.99% cornerstone shareholder and the Company migrated on to the NZSX
  • 2007-2008 - Stage 2 (28 turbines) construction work at Te Rere Hau 
  • December 2008 - NZ Windfarms buys NPBB's 50% share of Te Rere Hau wind farm
  • May 2009 - Stage 2 complete, construction of Stage 3 (32 turbines) commences
  • 29 May 2009 - Resource Consent lodged for the Te Rere Hau Eastern Extension for up to 56 additional turbine locations
  • Stage 4 (32 turbines) have been ordered
  • 5 October 2009 - Resource Consent hearing for the Te Rere Hau Eastern Extension underway
  • 4 February 2010 - The Hearing Commissioners have granted land use consent for the 56 additional turbines applied for
  • 5 May 2010 - the company raised NZ$31.4 million through an 8 for 3 pro-rata renounceable Rights Issue

 

 

Our Next Windfarm

Wind Energy in New Zealand

To learn more about the wind energy industry visit NZ Wind Energy Association

If you are interested in wind energy for your region, community, farm or business,

NZ Wind Energy Association has information about wind farms in operation, planning/consent and the different technologies being used.

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