Tilt Renewables production up 12% for the quarter

Company News

by Rachael Jones

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.
 

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.