Tilt slashes carrying value of Australian assets, raises forecast

Fri, 19 Oct 2018

By Gavin Evans Oct. 19 (BusinessDesk) - Tilt Renewables has slashed the carrying value of its Australian generation assets citing expected lower prices for renewable generation credits and electricity there. Having taken independent advice, the company said it will reduce the carrying value of its Australian generation assets by up to A$130 million to about A$875 million. The asset values were last reviewed in March 2017, Melbourne-based Tilt said. “This reduction in carrying value reverses earlier year valuation movements in the as...

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