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Transition year sees reduced profit for Tilt

Trans-Tasman renewables developer feels the aftereffects of selling Snowtown 2. Tilt Renewables’ has continued to feel the aftereffects of its one-off Aussie wind farm sale, posting reduced revenue, earnings and profit for the year ended March 31. The trans-Tasman renewables

Takeover target Tilt s earnings drop as wind levels fall

Takeover target Tilt s earnings drop as wind levels fall 12 May, 2021 10:06 PM 3 minutes to read Tilt Renewables has reported a fall in earnings in its last year as listed company. Photo / Supplied Tilt Renewables has reported a fall in earnings in its last year as listed company. Photo / Supplied Takeover target Tilt Renewables annual operating profit fell by 36 per cent in what the company said was a transitional year. The wind farm specialist sold its 270 megawatt Snowtown 2 Wind Farm, near Adelaide, in the previous year and ramped up operations at Dundonnell, in Western Victoria, and Waipipi in Taranaki in the latest year to March.

Tilt snags a better takeover offer, ends bidding war

Tilt snags a better takeover offer, ends bidding war
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Tilt may jilt AGL and Mercury for superior offer

Tilt may jilt AGL and Mercury for ‘superior’ offer Save Share Tilt Renewables is mulling a higher takeover offer, throwing into doubt the $NZ2.96 billion ($2.7 billion) deal struck last month with AGL Energy’s renewable energy fund and Mercury NZ. The better offer is likely to be from underbidders Canadian pension fund giant Caisse de dépôt et placement du Québec (CDPQ), ASX-listed APA Group or Australian fund manager Infrastructure Capital Group with its partner Engie. The Dundonnell wind farm in western Victoria is one of the assets in Tilt’s portfolio.   The dual-listed Australia and New Zealand wind farm operator put the company’s shares in a trading halt on Thursday to consider a “superior offer” that could spike the $NZ7.80 per share deal with NZ-listed Mercury Energy and Powering Australian Renewables (PowAR), which is 20 per cent owned by AGL with partners QIC and the Future Fund.

Bird roosts mitigate some impacts of wind farm development

Bird roosts mitigate some impacts of wind farm development 12 Apr, 2021 04:01 PM 3 minutes to read Richard Thompson (left) and his team from MacBlack Timber with Josh Penn (right) on top of a completed shag roost, showing the structure and its strength. Photo / Peter Frost Richard Thompson (left) and his team from MacBlack Timber with Josh Penn (right) on top of a completed shag roost, showing the structure and its strength. Photo / Peter Frost Wanganui Midweek In mid-March, two large timber structures were erected at Tapuarau Lagoon in the Waitotara Conservation Area, just inland from the mouth of the Waitotara River. Constructed from heavy, 3m long, old wharf piles, and connected by joists of eucalyptus, they were built by MacBlack Timber in Whanganui, then taken to Tapuarau in kitset form and reassembled.

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