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.
15 May 2018
Infratil notes the sale of a 19.99% stake in Tilt Renewables Limited (“Tilt”) by the Tauranga Electricity Consumer Trust (“TECT”) to Mercury NZ Limited (“Mercury”), and the related six-month option for Mercury to acquire the remaining approximately 6.81% of Tilt shares held by TECT.
Infratil is the controlling shareholder in Tilt,...
11 May 2018
Tilt Renewables Limited and its subsidiaries (“Tilt Renewables” or “Group”) released today its financial statements for the year ended 31 March 2018 (“FY18”) together with key highlights and operating metrics for the year. All references to financial information in this release are in Australian dollars. The FY18 financial result reflects...
13 Apr 2018
In the three months to 31 March 2018 (Mar-18 quarter) group production across the Tilt Renewables portfolio was 7% below the prior year result, driven by the New Zealand assets. Wind production across the Australian portfolio was higher compared to the Mar-17 quarter. The constraints put in place by AEMO...
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