Wind turbine maker Windflow Technology says it may have to consider another capital raising if it does not get more orders before June.
The Christchurch-based company lost $4.3 million in the final six months of last year, mainly as a result of the delay in completing the Te Rere Hau windfarm near Palmerston North.
Chief executive Geoff Henderson says half of the windfarm's turbines are up and running and all should be operational by June, but getting the next order will be critical.
The company raised $3.3 million through a rights issue late last year to boost exports of its Windflow 500 wind turbine and fund its expansion in the United Kingdom, where the British Government is offering subsidies for green electricity generation.
Mr Henderson says there are no orders on the books yet, but he is hopeful there will be soon.
He says the company will complete production of the turbines for Te Rere Hau in the next few months and there will be a gap in production if it does not get new orders.