NZ Windfarms still considering how to finance an upgrade

Getting bigger and more efficient wind turbines is key to repowering an ageing windfarm. (Image: Depositphotos)

Fri, 09 Sep 2022

A fast-track consent application to upgrade the Te Rere Hau windfarm near Palmerston North will be lodged by the end of the year and decisions on whether to go ahead and how to pay for the replacement turbines will then be made.NZ Windfarms chief executive Warren Koia and chair Craig Stobo told investors on a Sharesies Shared Lunch webinar that they were keeping all options open on how the repowering of the windfarm would be financed.Stobo said this could be a mix of debt and equity from current shareholders. He was also not ruling out bringing...

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