Tilt Renewables Pty Ltd is an Australian electricity generation company. It was previously dual listed on the New Zealand stock exchange and Australian stock exchange. As of 2022, the Powering Australian Renewables has merged with Tilt Renewables following a complex acquisition and merger, making it the largest private developer and generator of renewable electricity in Australia.

Tilt Renewables Pty Ltd
Company typePrivate company
IndustryEnergy
Founded2016
Headquarters,
Australia
ServicesElectricity
Websitewww.tiltrenewables.com

On 15 March 2021, a takeover was announced with support from the largest shareholders and independent board members. The proposed scheme of arrangement would be worth A$2.75 billion by a consortium where the New Zealand assets would be taken over by Mercury NZ and the Australian assets by Powering Australian Renewables Fund – itself a consortium of AGL Energy, QIC Global Infrastructure Fund and the Australian Government's Future Fund.[1]

Generation assets

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Below is the list of currently generating assets[2] owned by Tilt Renewables

Station Type Capacity (MW) Annual Output (GWh) Commissioned Location
Snowtown Wind Farm (Stage 1) Wind 98 2008 South Australia
Crookwell Wind Farm Wind 5 8 1998 Crookwell, New South Wales
Blayney Wind Farm Wind 10 18 2000 Blayney, New South Wales
Salt Creek Wind Farm Wind 54 172 2018 Woorndoo, Victoria
Dundonnell Wind Farm Wind 336 2022 Victoria
Coopers Gap Wind Farm Wind 453 Queensland
Silverton Wind Farm Wind 199 New South Wales
Broken Hill Solar Plant Solar 53 New South Wales
Nyngan Solar Plant Solar 102 New South Wales

Developments

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Below is list of the upcoming development pipeline[2] [3] for Tilt Renewables

Station Type Capacity (MW) Location
Waddi Wind and Solar Farm Wind/Solar ≤145 (Wind), ≤50 (Solar) Western Australia
Rye Park Wind Farm Wind ≤327 New South Wales
Palmer Wind Farm Wind ≤375 South Australia
Western Downs Solar Farm Solar ≤250 Western Downs, Queensland
Snowtown North Solar Farm Solar ≤045 Snowtown, South Australia
Dysart Solar Farm Solar ≤100 Dysart, Queensland
Highbury Pumped Hydro Energy Storage (cancelled)[4] Pumped Hydro Storage ≤300, 1350MWh storage capacity Highbury, South Australia

Company timeline

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October 2016: Tilt Renewables was demerged from Trustpower, with Tilt Renewables taking ownership of all operational wind assets and the wind and solar development pipeline, and Trustpower retaining all hydro assets. Tilt Renewables was dual listed on the ASX and NZX with the ticker TLT.

December 2019: Snowtown Wind Farm (Stage 2) was sold to Palisade Investment Partners.

August 2021: Tilt Renewables scheme of arrangement was implemented with the New Zealand assets purchased by Mercury NZ and the Australian assets by Powering Australian Renewables Fund – itself a consortium of AGL Energy, QIC Global Infrastructure Fund and the Australian Government's Future Fund.[1]

See also

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References

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  1. ^ a b Mazengarb, Michael; Parkinson, Giles (15 March 2021). "AGL leads renewable power play in agreed $2.75 billion bid for Tilt". Renew Economy. Retrieved 15 March 2021.
  2. ^ a b "Demerger of Trustpower Limited - SCHEME BOOKLET".
  3. ^ "Assets and Projects". Tilt Renewables. Retrieved 2019-02-12.
  4. ^ Cameron, Ben (19 September 2019). "$440 million pumped hydro scheme at Highbury quarry abandoned". The Advertiser. Retrieved 20 September 2019.
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