French
DeutschTilt Renewables
 | |
| Company type | Private company |
|---|---|
| Industry | Energy |
| Founded | 2016 |
| Headquarters | , Australia |
| Services | Electricity |
| Website | www |
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.
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]
The takeover was successful in August 2021. PowAR took over the Australian assets and operations of the former Tilt Renewables, making it the largest private developer and generator of wind and solar electricity in Australia. The combined Australian organisation was subsequently renamed back to Tilt Renewables.[2] It holds the assets of both former entities, and is owned 40% by QIC, 40% Future Fund and 20% AGL.[3]
Generation assets
[edit]Below is the list of currently generating assets[4] 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
[edit]Below is list of the upcoming development pipeline[4] [5] 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)[6] | Pumped Hydro Storage | ≤300, 1350MWh storage capacity | Highbury, South Australia |
Company timeline
[edit]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
[edit]References
[edit]- ^ 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.
- ^ "Tilt Renewables". Queensland Investment Corporation. Retrieved 10 September 2024.
- ^ "Why we tilt". Tilt Renewables. Retrieved 10 September 2024.
- ^ a b "Demerger of Trustpower Limited - SCHEME BOOKLET".
- ^ "Assets and Projects". Tilt Renewables. Retrieved 2019-02-12.
- ^ Cameron, Ben (19 September 2019). "$440 million pumped hydro scheme at Highbury quarry abandoned". The Advertiser. Retrieved 20 September 2019.
External links
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