Greens invest in Windflow

27 May 2001

Green Party energy spokesperson and co-leader, Jeanette Fitzsimons, and the Green Party's Superannuation Fund have joined the growing list of investors in local wind power company Windflow Technology.

Windflow director, Geoff Henderson, said "We're delighted that the Greens are going to be part of our company. Windflow Technology is both environmentally and investor friendly, and we have attracted widespread support from both communities."

"I'm thrilled to be able to support this sustainable energy venture," Ms Fitzsimons said. "We must maintain New Zealand's clean, green environment and introduce measures to address climate change. Wind power provides an opportunity to meet future energy needs in a socially responsible manner. It is our best supply-side option for reversing New Zealand's trend towards gas-fired power. Investing in a New Zealand wind power company is an opportunity to put my money where my mouth has been for a long time."

Green Party co-leader, Rod Donald, said "Our superannuation fund has a policy of ethical investing. Windflow Technology fits with our policy because it brings together local manufacturing and sustainable energy. As such, it is quite a unique investment opportunity in New Zealand and we are pleased to be able to invest at this early stage."

British environmentalist and investor, Teddy Goldsmith, is the company's largest investor so far.

Windflow Technology is offering two million shares at $1.50 each. The offer closes 1st June.