History
Windflow got incorporated in 2000 and had its first public offering in 2001. Since then Windflow installed the Windflow 500 prototype, Neil, in Gebbies Pass in 2003 and in 2007 starts a steady production of wind turbine in Riccarton, Christchurch.
Before Windflow's incorporation
See Geoff Henderson's biography.September 2001
Initial public offering raises $2.6m. This provides the funds to commence developing the prototype and seek a Resource Consent for the first site at Gebbies Pass on Banks Peninsula, near Christchurch.
July 2003
Installation and start up of the prototype turbine at Gebbies Pass.
September 2003
A 1 for 2 Rights Issue raises just under $5m. This provides funds to continue development of the turbine and the Te Rere Hau wind farm site.
November 2003
Windflow is one of “the first fifteen” companies listed on the NZAX market when it opens.
December 2003
A government contract is received for the period 2008-2012 granting up to 519,000 tonnes of carbon credits to NZ Windfarms, then a wholly owned subsidiary of Windflow, for the development of the Te Rere Hau wind farm near Palmerston North.
February 2005
A Resource Consent is granted to NZ Windfarms to develop the 97 turbine Te Rere Hau wind farm.
June 2005
Windflow raises $3.3m by way of a further Rights Issue.
December 2005
An initial public offering by NZ Windfarms raises $4m followed by listing on the NZAX. Windflow Technology’s stake is accordingly reduced from full ownership to a 43% shareholding.
August 2006
A consortium of Babcock & Brown and NP Power enter into a 50-50 joint venture arrangement with NZ Windfarms for the development of Te Rere Hau wind farm plus possible other sites.
September 2006
Installation and start up of the first five turbines (of 97 in total) on the Te Rere Hau wind farm. The farm is opened by the Prime Minister, Rt. Hon. Helen Clark.
October 2006
Exercise of options by NZ Windfarms shareholders raises a further $4m, diluting Windflow's shareholding in NZ Windfarms to 27%.
May 2007
A subsequent public offering by NZ Windfarms raises $75m including Vector Limited taking a cornerstone stake of 19.9%. Windflow Technology’s shareholding in NZ Windfarms dilutes to 3%.
September 2007
Windflow establishes its own nacelle assembly factory in Riccarton, Christchurch and moves its whole team to adjoining offices.
October 2007
Windflow wins the Sustainable Business Network’s Sustainable Design and Innovation Award and the Energy Efficiency and Conservation Authority’s Product Innovation Award for its Windflow 500 turbine.
November 2007
Windflow raises $5m in a fully-subscribed Rights Issue.
December 2007
Windflow acquires remaining 50% of Wind Blades Ltd (its blade manufacturing operation in Pakuranga, Auckland).
February 2008
Wind Blades moves into larger premises in East Tamaki, Auckland.
April 2008
Windflow staff numbers near 50, a major increase from 15 in April 2007.
June 2008
Windflow forms a Joint Venture with AH Gears (its gearbox manufacturer in Auckland), called Wind Gears Ltd
June 2008
Windflow gains ISO 9001:2008 certification.
June/October 2008
Windflow announced on 30 June 2008 an agreement with State Owned Enterprise electricity generator and retailer Mighty River Power under which Windflow Technology will construct a wind farm for Mighty River Power using Windflow 500 turbines. State Owned Enterprise electricity generator and retailer Mighty River Power buys a 19.95% cornerstone shareholding in Windflow Technology.
September/October 2008
Windflow Technology raised $10.3 million through the September options exercise,
private placements, and the Mighty River Power share purchase.
October 2009
Long Gully wind farm receives consent for 25 Windflow 500 turbines, subject to appeals lodged with the Environment Court.
November 2009
65 turbines operating at Te Rere Hau wind farm.
March 2010
NZ Windfarms receives consent for an additional 56 Windflow 500 turbines at Te Rere Hau wind farm on an eastern extension site.
