Genesis Energy has signed a power purchase agreement (PPA) with Tilt Renewables for around 460 MW of power from the latter company's planned wind farm in New Zealand. The 20-year agreement means Tilt will now take a final investment decision on the Waverley Wind Farm project, which will be located in South Taranaki. Construction is set to begin within nine months, with the facility expected to be operational by September 2021.
Genesis Energy has signed a power purchase agreement (PPA) with Tilt Renewables for 130 MW of power from the latter company's planned wind farm in New Zealand. The 20-year agreement means Tilt will now take a final investment decision on the Waverley Wind Farm project, which will be located in South Taranaki. Construction is set to begin within nine months, with the facility expected to be operational by September 2021.