Te Rere Hau sale among options in NZ Windfarms strategic review

Wed, 26 Sep 2018

By Gavin Evans Sept. 26 (BusinessDesk) - NZ Windfarms says it will look at any strategic options, including sale of its Te Rere Hau project, in order to deliver the best value to its shareholders. The firm, which has cut annual operating costs by about $2 million, developed a new turbine operating regime and adopted a hedging strategy, can expect to be consistently and moderately profitable, chairman Stuart Bauld told shareholders today. The company has good assets, a good location and now gets on with its neighbours, but is never goin...

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