Windflow Technology Limited
Registered Office Address
C/- The Offices Of Hensley Mortlock
Solicitors, Level 7, Bnz Building
137 Armagh Street
Christchurch
Directors
CHERRY, Neil
HENDERSON, Geoff
KELLY, Heugh
LEAY, Barrie
McCONNELL, Keith
History
Incorporated: 13-OCT-2000
Windflow Technology offers the opportunity to invest in a sustainable future
at an attractive return. New Zealand and Australia are ripe for investment
in wind-turbine generated electricity, and both countries have recently made
some important policy changes that pave the way for sustainable wind power.
Windflow Technology's innovative Windflow 500 design significantly improves
the cost-effectiveness of wind power by combining two technologies that
reduce fatigue loads and therefore machine weight. The first Windflow 500 is
expected to operate near Christchurch by 2002.
The Company's Mission Statement is "to become the leading supplier of wind
turbines for wind power projects in New Zealand and Australia".
Major Shareholders
Website
www.windflow.co.nz
News
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05 December 2001 - The Press, by Seth Robson
Christchurch's winter smog problem could be eased by the use of hemp as a fuel, the Mild
Greens say. Mild Green spokesman and hemp enthusiast Blair Anderson was among speakers on a
Government climate-change panel at a meeting in Christchurch yesterday.
The panel was gathering information to help the Government develop policy in conjunction with
its plans to ratify the Kyoto Protocol on Climate Change next year.
Mr Anderson, who has a contract to buy some of the first commercial hemp to be grown legally
in New Zealand, said a tax on carbon emissions would make hemp fuel economic.
The Christchurch entrepreneur hopes to set up a business producing bio-fuel from hemp crops,
which produce tonnes of organic material per hectare.
Hemp fuel, which can substitute for diesel, would help solve Christchurch's winter smog
problem, he said.
"The aroma of hemp fuel is familiar to many people and a lot more pleasant than diesel," he
said.
Windflow director Geoff Henderson was another Christchurch businessman enthusiastic about the
Kyoto Protocol, which he expected to have positive spin-offs for his business manufacturing
wind turbines.
Windflow, which has a contract to provide power to the Christchurch City Council, is
investigating a site at Gebbies Pass where a wind turbine will be built.
The company has taken on four staff and has begun procuring parts for the turbine, including
blades, a gearbox, and bearings.
Mr Henderson said Windflow was likely to manufacture 60 wind turbines each year in
Christchurch by 2006, creating 300 to 400 jobs.
Energy Minister Pete Hodgson told the meeting he expected Christchurch to lead the way in New
Zealand's response to Kyoto.
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05 October 2001 - The Press
Wind Turbine Should be Operating in 12 Months
Christchurch-based Windflow Technology plans to have its first wind turbine operating with 12
months, despite coming up short of its $3 million share offer target.
The company share offer closed having attracted $2.57 million from more than 450 investors.
Windflow expected to create 300 extra jobs by 2006.
"Although we have come up short of our $3 million target, work is well under way to design
and build our first wind turbine," chief executive Geoff Henderson said in a statement today.
"We plan to have it operating within 12 months."
Christchurch City Council has agreed to purchase the output.
The following year the company will manufacture up to 10 wind turbines - six for a wind farm
and up to four for sale.
The generator will be imported, but the blades will use New Zealand's famed boat-building
technology.
The gearbox, tower and other components will be manufactured locally or in Australia.
"We are on the way to establishing wind power as a major local industry. Within five years
we expect to have created 500 jobs locally," Mr Henderson said.
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Friday 28th September 2001 - NBR, by Chris Hutching
Windflow Technology turbines are set to fly
The Windflow Technology share offer was a long-winded affair, with two extensions, but the
directors have agreed to go ahead with the issue of shares after raising just over $2.5
million.
The issue officially closes today and managing director Geoff Henderson was hopeful of some
last-minute subscriptions.
The Christchurch-based company has set up its office and is about to employ designers and
engineers to begin work on the specifications of the first wind turbine expected to be ready
for testing in about eight months.
Support for the company's share offer came from more than 400 people throughout New Zealand,
with several investors from Australia, the US and Europe.
The Christchurch City Council has agreed to buy the output of the company's first wind
turbine planned to be operating by October, 2002.
Mr Henderson said power prices had firmed considerably as the result of this year's
electricity crisis.
The Windflow share offer is based on prices increasing to 5-6c/kWh by 2005 and it appeared
contract prices for the coming year had reached that level already, Mr Henderson said.
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