14 Nov 2018
Tilt Renewables Limited (“Tilt Renewables”) is pleased to announce that the 336MW Dundonnell Wind Farm (“DDWF”) located in Western Victoria has successfully reached financial close today.
"As previously announced to the market, the Board of Tilt Renewables made the Final Investment Decision for DDWF on 30 October 2018 and it is a credit to the team to have reached this milestone quickly following that decision" said Bruce Harker, Tilt Renewables Chairman.
Construction will commence early in 2019, with final completion late in 2020. Tilt Renewables has partnered with Vestas for the supply of turbines and construction of the project under a full Engineer, Procure and Construct (EPC) contract and with AusNet Services for the transmission connection component to be delivered via a Build, Own and Operate (BOO) model. "These partners are competent and experienced market participants with whom we have worked successfully on other projects and we are confident they will deliver the expected outcomes for this hugely important project" said Deion Campbell, Tilt Renewables Chief Executive.
This project will increase by more than 50% the asset base owned and operated by Tilt Renewables, a major step towards achieving the company’s strategic goal of more than doubling the assets under its management.
For further information, please contact: Steve Symons
Chief Financial Officer
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