Tilt commits to Dundonnell development, lifts earnings

Tue, 30 Oct 2018

By Gavin Evans Oct. 31 (BusinessDesk) - Tilt Renewables is pressing ahead with its A$560 million Dundonnell project after securing another offtake agreement for the wind farm in Victoria. The unnamed “investment grade” counterparty will take 50 percent of the project’s output for the next 15 years. That takes committed production to 87 percent, after allowing for the state government’s commitment. “These contracts substantially de-risk this project and demonstrate our ability to execute our strategy,” Tilt chief executive Deion Campbel...

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