CORRECT: NZ Windfarms to buy Te Rere Hau wind farm distribution assets from Powerco for $17.3M

Thu, 03 Aug 2017

(Fixes assets to be purchased in headline, lede and 2nd paragraph) By Paul McBeth Aug. 3 (BusinessDesk) - NZ Windfarms plans to buy the distribution and transmission assets attached to its Te Rere Hau wind farm near Palmerston North that it has leased from lines company Powerco for almost a decade for $17.3 million. Palmerston North-based NZ Windfarms has unsuccessfully tried to restructure its lease agreements with Powerco that force it to hold $6.5 million of cash, and earlier this year said it was looking at alternative ways to meet...

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