Tilt Renewables to conduct strategic review of Snowtown 2 windfarm

Company News

by Rachael Jones

Tilt Renewables (ASX:TLT) has decided to conduct a strategic review of its ownership of the operational Snowtown 2 wind farm in South Australia.

At 270 megawat the project is currently the largest asset owned by Tilt Renewables and is one of the largest in the Australian market.

The project has a long term offtake contract in place for all electricity and renewable energy certificates produced, providing price certainty out until 2035.

Asset management firm Lazard has been engaged to assist in undertaking the strategic review and MUFG is providing debt advisory services.

Shares in Tilt Renewables (ASX:TLT) closed 2.73 per cent higher at $2.26 yesterday.

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.