17 Oct 2018
Genesis and Tilt Renewables today announce they intend to partner in the development of the Waverley Wind Farm.
“Tilt Renewables is very pleased to be establishing a strategic relationship with Genesis, benefiting from our complementary capabilities to deliver more renewable energy to New Zealand” says Deion Campbell, Tilt Renewables CEO.
“The parties’ agreement of proposed terms and conditions for a long term power purchase and services agreement, is a significant step toward the finalisation of a key partnership which will allow Tilt Renewables to progress the Waverley Wind Farm to construction, potentially as early as the first half of 2019, subject to reaching final agreement on commercial terms,” says Campbell.
The Waverley Wind Farm, which will be owned and operated by Tilt Renewables, is a wind powered electricity generation project located between Patea and Waverley in South Taranaki. Resource consent for the project was granted in July 2017, allowing for up to 48 turbines to be installed on the 980 hectare site.
Marc England, Genesis CEO, says Genesis is committed to helping New Zealand transition to a low carbon future.
“The 100 megawatt wind farm could begin operating in 2020 and will further increase the percentage of generation New Zealand gets from renewable sources.”
“At 85%, New Zealand already has the third highest renewable electricity generation in the OECD and electricity generation makes up just 4% of New Zealand’s total carbon emissions. The signing of these terms is an important step on our path to increasing renewable electricity.”
“The electricity sector will play a critical role in the decarbonisation of higher emission sectors such as transportation and industrial processing. This exciting project will play a role as we meet predicted increases in demand for renewable energy,” says England.
New Zealand has 17 operating wind farms with a capacity of 690 megawatts. Genesis’ Hau Nui (te reo Māori for "big wind") was the first wind farm built in New Zealand. The Hau Nui Wind Farm is a 15-turbine wind farm located in the South Wairarapa District of New Zealand.
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