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. In 2021, the Powering Australian Renewables Fund merged with Tilt Renewables following a complex acquisition and merger, making it the largest private developer and generator of renewable electricity in Australia.
History
Establishment and pre-takeover In 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.
In December 2019, the Snowtown Wind Farm (Stage 2) was sold to Palisade Investment Partners.
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 by a consortium where the New Zealand assets would be taken over by Mercury NZ and the Australian assets by Powering Australian Renewables Fund (PowAR) – itself a consortium of AGL Energy, QIC Global Infrastructure Fund and the Australian Government's Future Fund.
Post-takeover In August 2021, Tilt Renewables scheme of arrangement was implemented. 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. It holds the assets of both former entities, and was owned 40% by QIC, 40% Future Fund and 20% AGL until November 2025 when AGL sold 19.9% of its 20% stake to QIC and Future Fund.
Generation assets Below is the list of currently generating assets owned by Tilt Renewables +StationTypeCapacity (MW)Annual Output (GWh)CommissionedLocationSnowtown Wind Farm (Stage 1)Wind982008South AustraliaCrookwell Wind FarmWind581998Crookwell, New South WalesBlayney Wind FarmWind10182000Blayney, New South WalesSalt Creek Wind FarmWind541722018Woorndoo, VictoriaDundonnell Wind FarmWind3362022VictoriaCoopers Gap Wind FarmWind453QueenslandSilverton Wind FarmWind199New South WalesBroken Hill Solar PlantSolar53New South WalesNyngan Solar PlantSolar102New South WalesRye Park Wind FarmWind3962025New South Wales
Developments Below is list of the upcoming development pipeline for Tilt Renewables StationTypeCapacity (MW)LocationWaddi Wind and Solar FarmWind/Solar≤145 (Wind), ≤50 (Solar)Western AustraliaPalmer Wind FarmWind≤375South AustraliaWestern Downs Solar FarmSolar≤250Western Downs, QueenslandSnowtown North Solar FarmSolar≤045Snowtown, South AustraliaDysart Solar FarmSolar≤100Dysart, QueenslandHighbury Pumped Hydro Energy Storage (cancelled)Pumped Hydro Storage≤300, 1350MWh storage capacityHighbury, South Australia
See also Electricity sector in Australia List of renewable energy companies by country National Electricity Market
References
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