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Tilt Renewables Limited (NZX: TLT) Q3 December 2020 Quarterly Production Results

Friday 15th January 2021

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For the December 20 quarter, total group production was 62% above the normalised (excluding Snowtown 2, “SWF2”) December 19 quarter result, primarily driven by a 189 GWh contribution from the 336MW Dundonnell Wind Farm (“DDWF”), which is in commissioning and a 30 GWh contribution from the 133MW Waipipi Wind Farm (“WWF”), which is in construction and recorded its first generation during the quarter.

As reported to the market on 21 December 2020, completion of commissioning of DDWF remains subject to AEMO approvals, with the current hold point cap set at 295 MW.

Production from fully operational Australian assets (excluding SWF2 and DDWF) was 4% below the December 19 quarter, impacted by elevated curtailment of Snowtown 1 due to AEMO constraints in South Australia and a higher frequency of negative price dispatch intervals where TLT assets were turned down to optimise revenue outcomes (combined impact ~10GWh during the quarter).

New Zealand production from fully operational assets (excluding WWF) was 11% below the December 19 quarter, due to lower than forecasted wind speeds and lower asset availability. Lower availabilities were due to a mid-life major maintenance program targeting a number of turbines at Tararua 3, and a transmission line outage at Mahinerangi.

See the link below for more details:

Tilt Renewables December 2020 quarter production results

Source: Tilt Renewables Limited

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