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- Release Date: 17/07/13 17:27
- Summary: QUARTER: NWF: FOURTH QUARTER FINANCIAL YEAR TO 30 JUNE 2013
- Price Sensitive: No
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NWF
17/07/2013 15:27
QUARTER
REL: 1527 HRS NZ Windfarms Limited
QUARTER: NWF: FOURTH QUARTER FINANCIAL YEAR TO 30 JUNE 2013
NZX Announcement
17 July 2013
For Immediate Release
FOURTH QUARTER FINANCIAL YEAR TO 30 JUNE 2013
NZ Windfarms Limited ("NWF") advises the following operating statistics for
the fourth quarter:
Fourth Quarter - 1 April 2013 to 30 June 2013
2013 2012 % Change
Electricity generation output - MWh 23,031 25,945 -11.2
Revenue from electricity sales 1,636,000 2,210,000 -26.0
Average electricity price - $/MWh 71.0 85.2 -16.6
Turbine availability (average) 95.5% 96.8% -1.3
Financial year to date - 1 July 2012 to 30 June 2013
2013 2012 % Change
Electricity generation output - MWh 105,662 114,498 -7.7
Revenue from electricity sales 6,384,000 8,252,000 -22.6
Average electricity price - $/MWh 60.4 72.1 -16.2
Turbine availability (average) 95.4% 97.0% -1.6
The performance of NWF is strongly influenced by wind conditions and
electricity prices which are both subject to natural variability and are
beyond NZ Windfarms' control. Modeling is based on appropriate long term
averages.
Both the average electricity price received and the average energy generated
for the quarter were lower than forecasted and lower than the equivalent
period in the previous financial year. The resulting revenue for the quarter
was below the level forecasted, and below the equivalent period in the
previous financial year.
For the financial year to date both energy output and the average price
received are below forecast, and below the level achieved in the equivalent
period in the previous financial year. Therefore the revenue for the
financial year is also below the level forecasted and below the level
achieved in the previous financial year.
ENDS
For further enquiries contact:
Chris Sadler
Chief Executive Officer
Ph (021) 918 216
End CA:00238691 For:NWF Type:QUARTER Time:2013-07-17 15:27:52
