KEY POINTS:
NZ Windfarms said all of the conditions for its joint venture with Babcock and Brown and National Power for the Te Rere Hau project have been satisfied.
Under the joint venture, NZ Windfarms retains a 50 per cent interest in the project, with National Power and Babcock & Brown Windpower sharing the other 50 per cent.
The conditions included transfer of contracts and property related to the project held by NZ Windfarms, and completing a contract for NZ Windfarms to provide management services.
