Good to read today that Vector has taken (or will if the shareholders agree) a 19.9% stake in NZ windfarms. I’ve hoped beyond hope for awhile now that Geoff Henderson at Windflow would be successful in building an alternative wind turbine supplier to the European brands. Partly for parochial reasons but also from an economic growth perspectvie.
I also feel that the windfarms/windflow strategy of vertical integration among linked companies is a sound platform for a new entrant supplier. By owning the farms and the turbine technology they get to seed the market, test the product and not lose face in the event of the unavoidable teething problems.
Best of luck to them and hears hoping the windfarm turbines gain leverage from the deal
