Tilt warns of weaker first quarter earnings as low winds cut production

Tilt warns of weaker first quarter earnings as low winds cut production
Sophie Boot
By Sophie Boot June 30 (BusinessDesk) - Tilt Renewables, the wind and solar generation facilities which split from Trustpower last year, has warned earnings will be as much as A$12 million lower for 2018 after a weak start to the year. Lower wind conditions across Tilt's Australian and New Zealand portfolios, particularly in South Australia, mean first quarter production across the group will be 30 percent below expectations. The Auckland-based company expects to generate 317 gigawatt hours (GWh) in the three months to June 30, a 39 perce...