Tilt Renewables has approximately 11% market share of installed wind capacity in Australasia, comprising 307 operating turbines across 7 wind farms, with a total installed capacity of 582MW. Tilt has a high level of contracted revenue, with counterparties including Origin Energy and Trustpower. Tilt has a development pipeline of 8 further wind farm projects, with the potential for more than 2,000MW of installed capacity and also intends to pursue solar development opportunities in Australia.
Tilt's management team have extensive wind farm development and operational expertise.
Snowtown sits on the Barunga and Hummocks Ranges, 170 kilometres (km) north of Adelaide, in South Australia. Stage one of the wind farm has been generating electricity since 2008, with 47 Suzlon S88 2.1MW wind turbines and is one of mainland Australia’s best performing wind farms. The addition of a single Suzlon S95 2.1MW turbine was commissioned in 2011. The power from Snowtown is all sold on a 'as produced basis for a specified price per KWh' until 2018.
Stage two saw the construction of 90 Siemens 3MW direct drive wind turbines. The total average annual output of both stages is expected to be approximately 1,350GWh: enough to power 230,000 homes and offset 950,000 tonnes a year of CO2 currently produced by coal-fired electricity generation.
This Update explains why Infratil invested in Canberra Data Centres, Longroad Energy and Tilt Renewables, and outlines the investment plans of each of those businesses.
Comparisons between Tilt Renewables and Longroad Energy are a helpful way to appreciate that while both companies are seeking to develop a portfolio of wind and solar generation, the USA and Australia are quite separate jurisdictions presenting quite distinct challenges and opportunities.
30 Aug 2017
The Chairman and Chief Executive presentations to the Tilt Renewables Annual Meeting held in Auckland.
30 Jun 2017
Tilt Renewables announces that it has reached a Financial Investment Decision on its 54 MW Salt Creek Wind Farm project in western Victoria. The project is expected to produce 172 GWh per annum on average once fully commissioned, sufficient to power around 30,000 homes.The key investment details for the project...
30 Jun 2017
Tilt Renewables notes below average wind conditions for the June 2017 quarter
Tilt Renewables Limited (“Tilt Renewables”) advises that lower wind conditions in the current quarter, and particularly well below average wind speeds in South Australia for the month of June, have resulted in significantly lower production compared to Management expectations....
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