New Zealand

New Zealand

Windflow Technology again tries to go public to raise cash for traditional wind turbine manufacturer

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The on-again, off-again Windflow Technology share offering is on again. The New Zealand company had raised three-quarters of its minimum target of just over $NZ2 million when a technical glitch in paperwork forced it to close its offering earlier than expected. The prospectus has been reissued with revised dates and commentary on controversial electricity price hikes and a government Draft Energy Strategy which includes targets for renewable energy. "Public support for our proposal has been overwhelming as people pay more for electricity, express concern at the climate change impacts of gas-powered generation, and see the opportunity for a socially responsible investment." says Windflow director Geoff Henderson.

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