16 Oct 2020
Tilt Renewables (“TLT”) presents its production results for the three months from 1 July 2020 to 30 September 2020 (“September 20 quarter”). All prior year results have been normalised to exclude Snowtown 2, “SWF2” which is no longer part of the portfolio.
For the September 20 quarter, total group production was 43% above the September 19 quarter result, primarily driven by the 152 GWh produced during the commissioning of the 336MW Dundonnell Wind Farm (“DDWF”). Commissioning of DDWF is ongoing.
Australian fully operational asset production (therefore excluding DDWF) was 4.7% below the September 19 quarter, due to increased system strength related curtailment of Snowtown 1 in South Australia and higher incidence of asset turn down to avoid negative price intervals in order to optimise revenue outcomes (combined impact ~10GWh during the quarter).
New Zealand production was 2.5% below the September 19 quarter, due to lower asset availability caused by a mid-life major maintenance program at Tararua 3 and high winds affecting routine maintenance activities.
Refer table and graph in attached announcement.
For further information please contact:
Chief Financial Officer
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