There are still great improvements made generating electricity with windmills. Future windmills are likely to generate more energie so I can see an advantage waiting for new generation models.
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Since argh kindly posted the link to the output of the turbines i have been watching it closely.
Last night 91 out of 91 turbines were operating and with good output earning over $30,000 per hour-probably more as I believe about 50% output is hedged at $180 per mwh.
I have a strong feeling they are going to double their profits this year.
We all know the risks of trying to be a prophet-its just my feeling looking at all the events we can see happening but high risk prediction.
Investing includes living with risk/reward so not for feint-hearted
From memory the shares listed at $1.20 and the current share price (and market cap) reflects several substantial negative impairments.
In other words the capital originally invested was not justified and the original investors lost out in a big way.
The same situation would probably apply if the company was to outlay the capital required to install the remaining 56 turbines.
Times have changed Jayay in many ways-
to name a few-
turbines are now cheaper,more reliable and more efficient
Power prices are higher
Consents are in place
Turbines are only run when they are cost-efficient
The company is experienced
Carbon credits
Windpower is now cheap
It is clean.
We are in need of more energy and the government believes wind will fill the gap
The economics are much more favourable-not much more expensive than gas
I am sure the Directors will have done their arithmetic.
Yes that website statement needs correction.
Looking at other windfarms in NZ they have turbines each capable of over 2 megawatts per hour.
And new turbines are getting more efficient.
Installing a few of the latest generation turbines-maybe 15 to twenty could double output without much of an increase in operating costs
Just looked at the current output-17 MW at $136 MWH equals over $2000 per hour