2024-04-16
http://w3.windfair.net/wind-energy/news/4885-new-zealand-mighty-river-buys-stake-in-wind-turbine-maker

New Zealand - Mighty River buys stake in wind turbine maker

State-owned power generator Mighty River Power is to buy a cornerstone stake in Christchurch-based turbine maker Windflow Technology.

Windflow is listed on the stock exchange's alternative NZAX board, and the Mighty River deal to take an almost 20% stake requires shareholder approval.

The Christchurch company is building 50 turbines for a New Zealand Windfarms project. Mighty River hopes to use the company's turbines for its first windfarm proposed near Wellington.

Windflow Technology chief executive Geoff Henderson says the deal is a vote of confidence in the company.

Source:
Mighty River Power
Author:
Posted by Trevor Sievert, Online Editorial Journalist
Email:
ts@windfair.net
Link:
www.windfair.net/...
Keywords:
wind energy, wind farm, renewable energy, wind power, wind turbine, rotorblade, offshore, onshore




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