TrustPower, the power station operator controlled by Infratil, said a decline in the New Zealand dollar may reduce the economics of wind farms.
The company typically buys its turbines in euros and its towers in US dollars, which have both weakened against the kiwi.
The company is gearing up to expand its wind farms in Australia, where it is to install about 140 MW of generators, and in New Zealand, where it has consents for more turbines.
The kiwi’s decline “may make wind farm economics more challenging,” the company said in slides for a presentation in Sydney.
By Jonathan Underhill
28 July 2008
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