NZ Windfarms buys NZ's oldest windfarm, upgrades guidance

The Te Rere Hau windfarm repowering project was factored into the guidance upgrade. (Image: Supplied)

Fri, 25 Oct 2024

NZ Windfarms has bought New Zealand's oldest windfarm from Genesis Energy and upgraded its guidance for the 2025 financial year.Hau Nui, 21km southeast of Martinborough in Wairarapa, was the first windfarm built in NZ. It includes 15 turbines with a capacity of 8.65 megawatts. Its first stage was built in 1996, comprising seven 550-kilowatt turbines and stage two was added in 2004 with eight 600kw turbines.NZ Windfarms told the NZ Exchange (NZX) on Friday morning that the acquisition would be funded out of cash reserves. It went uncond...

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