Tilt Renewables sinks into the red as wind generation wanes

Wed, 01 Nov 2017

By Paul McBeth Nov. 2 (BusinessDesk) - Tilt Renewables, the wind and solar generation facilities which split from Trustpower last year, posted a first-half loss after weak wind generation on both sides of the Tasman sapped electricity production. The Auckland-based company reported a loss of A$2.6 million, or 0.82 Australian cents per share, in the six months ended Sept. 30, compared to a profit of A$10.5 million, or 3.36 cents a year earlier. Revenue dropped 15 percent to A$75.5 million as electricity generation shrank 16 percent to 869...

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