18 Nov 2010

Wind turbine maker looks to UK

6:58 am on 18 November 2010

Windflow Technology is hoping green energy subsidies being offered in Britain will help to drive growth in coming years.

The Christchurch-based wind turbine manufacturer is seeking to raise $5.4 million from investors to boost exports of its Windflow 500 wind turbine, and fund its expansion in the UK.

The British Government offers subsidies for green electricity generation, and incentives for people purchasing wind turbines.

chief executive, Geoff Henderson, says Windflow's UK distributor, Ventus Green Energy, has received 370 inquiries from Scottish farmers considering installing a Windflow turbine.

Twenty nine have paid deposits and lodged consents to install the turbines.

Mr Henderson says each turbine shipped to the UK will contribute about $250,000 to gross profit and he's confident more orders will flow in.

He says the company is making four turbines per month at the moment, and it will have to employ more staff to significantly increase production.

Mr Henderson says the company's not looking only to the UK for growth, but also the United States - particularly California.