Third Windflow Turbine Destined for UK “home-coming”

Third Windflow 500 kW wind turbine is destined for Ludenhill Farm, Orkney, north of Scotland.

21 December 2012

Ludenhill Farm towards the north-west of the main island of Orkney, north of Scotland, is the destination for the third Windflow 500 kW wind turbine for the UK.  Windflow has now entered into a land lease agreement, to build, own and operate the turbine and has received financing approval for this project, subject to any shareholder approvals which might be necessary as the project progresses.   Windflow Hammer Ltd (Windflow’s project development subsidiary) will develop the project and will initially own the turbine. It is the third of the three Windflow turbines for the UK which the turbine manufacturer will fund through its July 2012 construction finance agreement with one of its major shareholders.  

The landowner gained planning and grid connection offers with support from local dealer Bryan J Rendall (Electrical) Limited.  Planners approved the project earlier this year in a relatively quick timeframe thanks to its tip-height being under 50 m. 

This site is visible from Burgar Hill, the 1980s location of research wind turbines built by Wind Energy Group for the UK government.  The Windflow 500 is based on Wind Energy Group’s subsequent turbines developed when Geoff Henderson, founder and CEO of Windflow Technology Ltd, was project engineer there in the 1980s.  In a sense therefore, the Windflow turbine is “coming home” to Orkney.  The Class 1A turbine is proven in New Zealand’s strong winds, so is well suited to the site.

As announced earlier in December, New Holland farm on the main island of Orkney is the destination for the second Windflow 500 in the UK.  This will be the 100th turbine produced in New Zealand by Windflow Technology.

Turbine 99, “Barrie” (named after the late Barrie Leay), left Christchurch in October, arrived in Kirkwall early December and is being installed at the Hammer farm on Westray (one of the Orkney Islands) in early 2013.  Turbines 100 and 101 (the second and third turbines for the UK) will be assembled at Windflow’s Christchurch facility before being dispatched to the UK in late 2013. 

Once operating, these turbines will earn minimum revenues of approximately 22 p/kWh through the UK government’s Feed-In Tariff scheme.  Combined with the high winds of the Orkneys and the proven high-wind performance of the Windflow 500, this revenue will enable excellent returns on investment.

Windflow is currently planning a capital raising for early 2013 which will ensure the Company can realise its opportunities in the UK and elsewhere.