In the three months to 31 December 2018 group production across the Tilt Renewables’ (ASX:TLT) portfolio was approximately 12 per cent above the prior corresponding period, despite New Zealand production being slightly below that of the Dec-17 quarter and long-term expectations.
The strong FY19 year-on-year performance by the Australian assets continued into the Dec-18 quarter with production reaching 21 per cent higher than the prior corresponding period.
This result is attributable to higher wind conditions and the contribution of the Salt Creek Wind Farm, which has produced in line with expectations since commissioning in July 2018.
Negative impacts during the quarter included curtailed production due to the AEMO South Australian System Strength Constraint.
Shares in Tilt Renewables’ (ASX:TLT) last traded at $2.30.