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.
14 Dec 2017
Tilt Renewables is pleased to announce that Deion Campbell has been appointed as Chief Executive Officer. Deion will take up the role on 25 January 2018.
Deion is intimately familiar with Tilt Renewables having previously been Generation and Trading General Manager at the Company following the demerger from Trustpower Limited until...
8 Dec 2017
Tilt Renewables is delighted to announce that Nigel Baker will join the senior leadership team in early February 2018 as GM Generation and Trading. Nigel has deep experience in the renewable energy industry having held senior roles at Pacific Hydro over the last 14 years both in Australia and Chile. Nigel is...
24 Nov 2017
In accordance with NZX Listing Rule 10.6.1, Tilt Renewables Limited wishes to advise that Robert Farron has resigned and will step down from his role as Chief Executive effective 31 December 2017.
Robert has successfully led the establishment of the Tilt Renewables business following the demerger from Trustpower on 31 October...
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