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.
Country updates
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April 08, 2019
Mercury to build 119 MW Turitea wind farm in NZ
Mercury, a renewable energy company in New Zealand, is set to build 119 MW Turitea wind farm located near Palmerston North. The NZD256 million (US$174 million) project will be equipped...
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December 14, 2018
Infratil and Mercury NZ announce variation notice for Tilt Renewables takeover offer
Infratil advises that Infratil 2018 Limited and Mercury NZ Limited have varied their takeover offer for Tilt Renewables Limited to extend the closing date to Friday, 30 November 2018 at 11.5...
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October 30, 2018
UPDATE: Infratil extends acceptance period for Tilt Renewables takeover offer
Infratil has announced an extension to the closing date for its takeover offer for Tilt Renewables. Infratil, in a joint venture with Mercury NZ, sent an offer document to Tilt Ren...
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October 17, 2018
Genesis to purchase power from 100 MW wind project in New Zealand
Genesis and Tilt Renewables have announced that they intend to partner in the development of the Waverley Wind Farm. The two companies have agreed proposed terms and conditions for a long te...
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September 26, 2018
Infratil maintains offer price for Tilt Renewables, disputing independent advisor
Infratil has responded to Tilt Renewables' Independent Adviser’s Report regarding its NZD2.30 (US$1.54) per share takeover offer for the company, proposed in a joint venture with M...
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