The Tauranga-domiciled Australasian renewable energy operator Tilt Renewables Ltd (NZX & ASX: TLT) has reached an agreement to sell electricity produced from its Salt Creek wind farm in western Victoria to Meridian Energy Australia, to support growth of its retail business Powershop.
The Salt Creek wind farm near Warndoo, 250 kilometres west of Melbourne, is targeted to be commissioned by July 2018 and will have an installed capacity of 54 megawatts.
Tilt said the agreement with Meridian Energy Australia will deliver 50% of the electricity production to Meridian from commissioning of the wind farm until the end of 2018, and 100% from then, until the end of the contract in 2030.
Tilt Renewables chief executive Deion Campbell said: “We are very pleased to be partnering with Meridian Energy Australia and the long term off-take agreement for energy from the Salt Creek wind farm further improves the long term offtake contract profile of the Tilt Renewables business.”
The wind farm will be connected to Australia’s national electricity grid via a 49 km power line, ending at the Terang terminal station.
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