28 Jul 2010

Windfarm production and revenues up

6:45 am on 28 July 2010

New Zealand Windfarms doubled its revenues and increased its electricity output in the June quarter.

However, the company says it fell short of forecasts due to low wind speed and low spot power prices.

NZ Windfarms earned $1 million from electricity sales in the three months ending June and generated 72% more power compared to a year ago.