New Zealand Wind Turbines for Hawaii

New Zealand Wind Turbines for Hawaii

Windflow Technology has signed a non binding Memorandum of Understanding with American wind farm developer Na Makani Moa'e Ku LLC to supply Windflow 500 turbines to a project in Hawaii.

Windflow Technology has been progressing this project over the last 12 months in order to develop and demonstrate a key competitive advantage of its turbine with respect to grid connection. It is the grid-connection benefits of the Windflow 500 turbine which appeal to Na Makani, particularly in terms of voltage support on an island with a small small electrical network like Hawaii's. If the project with Na Makani goes ahead, it is envisaged that Na Makani would initially purchase two turbines for installation in 2008, with more to follow.

Irrespective of the arrangement with Na Makani progressing to a binding stage, Windflow Technology aims to install a demonstration 60 Hz variant of the Windflow 500 turbine in the USA (which uses a different electrical voltage than New Zealand) as part of its strategy to enter that market. The company also intends to enter the growing wind-diesel market where the turbine's size and voltage support capabilities make it particularly suited for isolated networks including islands. These demonstration turbines would be developed and installed at Windflow Technology's cost, and would be subject to the availability of funding.

"Windflow Technology's long term strategic direction already includes plans to install a demonstration 60 Hz variant of the Windflow 500 turbine in the USA, as this is the largest market for wind power in the world. The signing of this Memorandum of Understanding would bring forward those plans and thus represents an important step towards our entry into the growing US renewable energy marketplace. It also reinforces our belief that our long-term growth includes markets outside New Zealand where our product is recognised for its low environmental impact, grid-compliance advantages and cost effectiveness." said CEO and Director Geoff Henderson.

ENDS

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