Victorian Renewable Energy Auction Scheme: Bid Submitted
Tilt Renewables: Dundonnell Wind Farm bid submitted into Victorian Renewable Energy Auction Scheme
Attached is the market release from Tilt Renewables in relation to its submission of a bid into the Victorian Renewable Energy Auction Scheme (VREAS) for a portion of output from the fully permitted Dundonnell Wind Farm (Dundonnell).
Dundonnell is a major development project in Tilt Renewables' portfolio, and one which Infratil supports.
Infratil is a 51% shareholder in Tilt Renewables and, as noted in Tilt Renewables' market release, Infratil has provided equity funding support for Tilt Renewables' bid (comprising a conditional agreement by Infratil to provide a volume underwrite for 100% of an equity raising of A$300 million for Dundonnell, subject to agreement on equity pricing and approval by Tilt Renewables' shareholders). Tilt Renewables has also stated in its market release that it will provide further details of the timing and terms of any equity raising (including any associated Tilt Renewables' shareholder approval process, if required) when the outcome of the VREAS bid process is known.
Any enquiries should be directed to:
Mark Flesher, Investor Relations, Infratil Limited (email@example.com)