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NZ Windfarms triples third-quarter revenue
http://www.nbr.co.nz/node/117958BUSINESSDESK: NZ Windfarms third-quarter revenue tripled, reflecting the completion of its 97-turbine Te Rere Hau wind farm and higher electricity prices offset by lower electricity output caused by a wind speed drop.
Revenue from electricity sales jumped to $2.5 million in the three months ended March 31, from $749,000 in the same quarter last year, the company said.
The wind farm, located near Palmerston North, was completed in July last year.
Its performance “is strongly influenced by wind conditions and electricity prices which are both subject to natural variability and are beyond NZ Windfarm's control”, it said.
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