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
BUCK, Vicki Susan
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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10 June 2003 - Press Release
WINDFLOW PUTS FIRST KILOWATTS TO THE GRID
Windflow Technology's wind-generated energy became a reality last Friday (6 June) when 100
kilowatt hours (kWh) were sent into the national grid during the first hour of operation, an
average of 100 kW. For comparison the average household would use approximately 170 kWh per
week.
The Windflow 500 windmill at Gebbies Pass will continue to be monitored and its output rating
gradually increased to 200 kW for the next week, stepping up to 350 kW and then 500 kW.
Unattended operation will be the next major milestone, which will mark the end of the
commissioning period. Note that until then, passers-by should not expect to see the windmill
turning continuously.
Commenting on the first contribution of energy to the grid, Geoff Henderson, executive
director of Windflow Technology said, "This is a very significant milestone for us. We are
all very pleased with the results so far. Commissioning is going to plan."
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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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