Delays mean Windflow loss

Wind turbine maker Windflow Technology is expecting a full year loss between US$5 million and US$6 million, as delays push the completion of some turbines out until after the end of the financial year on June 30.

An agreement reached in early April with customer NZ Windfarms was now unconditional after that company completed a capital raising last week, Windflow said yesterday.

The agreement settled a dispute between the companies.

But a result of the uncertainty had been a delay in ordering costly components.