Genesis and Tilt Renewables finalize PPA deal for 130 MW Waverley wind project in New Zealand

Genesis and Tilt Renewables have announced the finalisation of a 20-year electricity offtake agreement, which will provide the foundation for the construction of the approximately 130 MW Waverley Wind Farm in South Taranaki.

The finalised offtake agreement will allow Tilt Renewables to complete the remaining development activities, take the final investment decision and commence construction of the wind farm within the next 6-9 months.

The Waverley Wind Farm, which will be owned and operated by Tilt Renewables, is a wind-powered electricity generation project located between Patea and Waverley in South Taranaki. Resource consent for the project was granted in July 2017 and the latest design will include 31 turbines installed on the 980-hectare site.

Financial Close is expected to be reached by December 2019. Target commissioning and commercial operations will be in September 2021.