QUARTER: NWF: THIRD QUARTER OPERATING STATISTICS AND UPDATE

27 Apr 2010 9:21 am

NWF 27/04/2010 QUARTER

REL: 0921 HRS NZ Windfarms Limited

QUARTER: NWF: THIRD QUARTER OPERATING STATISTICS AND UPDATE

27 April 2010

THIRD QUARTER OPERATING STATISTICS AND UPDATE

NZ Windfarms Limited advises the following operating statistics for the third quarter:

Third Quarter - 1 January 2010 to 31 March 2010

2010 2009 % change Electricity generation output - MWh 20,103 6,035 232 Revenue from electricity sales - $ 1,525,000 194,000 686 Average electricity price - $ 75.86 32.15 136 Turbine availability (average) 96.8% 92.7%

Financial year to date - 1 July 2009 to 31 March 20101

2010 2009 % change Electricity generation output - MWh 60,400 9,372 544 Revenue from electricity sales - $ 3,105,000 307,000 911 Average electricity price - $ 50.95 32.76 55 Turbine availability (average) 94.7% 93.9%

Note: 1. 2009 Financial Year comparatives include the Group's 50% share of output and electricity revenue from the Te Rere Hau Wind Farm Joint Venture to 4 December 2008 and its 100% share from 5 December 2008. Financial Year 2010 includes 100% of output and electricity revenue from the Te Rere Hau wind farm.

NZ Windfarms also advises that:

- It has sold all the emission units earned during the 2008 and 2009 calendar years (31,686units) for a total cash consideration of $594,112.50; and

- It has been formally advised by the Environment Court that the appeal lodged against the Company's resource consent for the Eastern Extension has been withdrawn and that the Court's file has been closed accordingly.

For further enquiries contact: Steve Cross Chief Executive Officer Ph (03) 943 5410 End CA:00194192 For:NWF Type:QUARTER Time:2010-04-27:09:21:04

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