Genesis signs 20-year wind farm deal with Tilt Renewables

Company News

by Rachael Jones

Genesis (ASX:GNE) and Tilt Renewables (ASX:TLT) have today finanalised a 20-year electricity offtake agreement for the Waverley Wind Farm in South Taranaki.

Genesis CEO Marc England says this deal sits within its Future-gen framework to help decarbonise New Zealand’s energy sector while continuing to supply reliable, affordable electricity.

The Waverley Wind Farm will be the first project brought to fruition under this partnership.

Building will start on the wind farm in the next 6 to 9 months with 31 turbines.

Shares in Genesis (ASX:GNE) opened flat at $2.98.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.