Tilt Renewables (ASX:TLT) sells Snowtown 2 wind farm for an enterprise value of almost $1.1b.

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05Dec

Tilt Renewables (ASX:TLT) sells Snowtown 2 wind farm for an enterprise value of almost $1.1b.

 

Tilt Renewables (ASX:TLT) has sold its Snowtown 2 wind farm for an enterprise value of almost $1.1 billion.

The company entered into the agreement to sell the 270 megawatt wind farm to Palisade Investment Partners and First State Super.

The transaction will occur through the sale of its shares for $472 million.

Snowtown 2 was developed by Tilt Renewables and has operated successfully for 5 years since construction completion and full commissioning was achieved in 2014.
The transaction is expected to close before the end of 2019.

Shares in Tilt Renewables (ASX:TLT) last traded at $3.00.
  
Copyright 2019 – Finance News Network


Source: Finance News Network

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