Tilt to net A$455m from Snowtown 2 wind farm sale

Thu, 05 Dec 2019

Tilt Renewables will pocket A$455 million from the sale of its Snowtown 2 wind farm in South Australia.The renewables energy developer and operator signed an agreement to sell the wind farm to funds managed by Palisade Investment Partners and First State Super at an enterprise value of A$1.07 billion. That consists of A$472 million for Tilt’s shares and existing finance facility, which is expected to be A$611 million when the deal settles.Tilt has operated the Snowtown wind farm for five years since its construction was completed in 2014 and ge...

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