Tilt Renewables has partnered with Genesis Energy for a 100MW Waverley wind farm to be located in New Zealand.
The wind farm will be owned and operated by Tilt Renewables and as part of the collaboration, the electricity generated from the wind farm will be sold to Genesis Energy under a long-term power purchase agreement.
Tilt Renewables CEO Deion Campbell said: “Tilt Renewables is very pleased to be establishing a strategic relationship with Genesis, benefiting from our complementary capabilities to deliver more renewable energy to New Zealand.
“The parties’ agreement of proposed terms and conditions for a long term power purchase and services agreement, is a significant step toward the finalisation of a key partnership which will allow Tilt Renewables to progress the Waverley Wind Farm to construction, potentially as early as the first half of 2019, subject to reaching final agreement on commercial terms.”
The wind farm will be located between Patea and Waverley in South Taranaki. The wind farm will be powered by 48 turbines, which will be installed on a 980 hectare site. The project secured resource consent in July 2017.
Construction of the project is expected to begin next year and operations at the wind farm could begin in 2020.
Currently, there are 17 operating wind farms in New Zealand with a capacity of 690MW. Genesis’ Hau Nui is claimed to be the first wind farm in the country, which has 15 turbines and is located in the South Wairarapa District.
Tilt Renewables is a major developer of renewable energy assets in Australia and New Zealand.
In July, the firm selected Greenbyte Energy Cloud for wind farm management and data analysis. It operates a full wind portfolio made out of 8 farms and approximately more than 600MW, marking the first assets Australia and New Zealand integrated in Energy Cloud.
The company also has a significant pipeline of over 3,500MW of wind and solar projects in Australia and New Zealand of which more than 2,000MW have secured the required planning approvals.