United Kingdom tilt renewables ltd

Should you buy Tilt Renewables Ltd (TLT)?

Tilt Renewables Ltd (ASX: TLT) is a power generation company that owns a portfolio of wind and solar farms across Australia and New Zealand. It has been a strong performer for investors, adding nearly 90% to its share price in 2020. Take note that this information does not constitute financial advice.

Who owns Tilt Renewables Ltd?

PowAR and Mercury NZ have entered into a Scheme Implementation Agreement to acquire 100% of NZX- and ASX-listed Tilt Renewables Ltd for an all-cash consideration of NZ$7.80 per share or NZ$2.9 billion. Under the transaction, PowAR will take ownership of Tilt’s Australian business and Mercury NZ will take ownership of Tilt’s New Zealand business.

What is Tilt Renewables?

Under Tilt Renewables, we now possess an operational renewable energy capacity of 1.3 GW, with an additional 0.4 GW under construction across our ten geographically diverse wind and solar generation assets. Headquartered in Melbourne, with an additional office in Sydney, our dynamic team comprises over 80 talented professionals.

Where is Tilt Renewables located?

Tilt Renewables Australian assets are mostly strategically located in the South-East of Australia, which has some of the most favourable wind resource conditions in Australia. Tilt Renewables also has operating assets situated in the North and South Islands of New Zealand. Excludes mandatory escrowed shares and foreign shares.

When is Tilt Renewables revenue recognised?

Revenue is not recognised until all sale contingencies have been resolved. At 31 March 2020, Tilt Renewables operates 266MW (31 March 2019: 440MW) of wind generation assets throughout Australia as well as 196MW (31 March 2019: 196MW) of wind generation assets in New Zealand.

Is Tilt Renewables a risky company?

Damage to generation assets risk There is potential for Tilt Renewables to sustain significant losses through damage to its generation plant and the resulting loss of earnings. The major portion of this risk has been mitigated by taking out appropriate insurance policies with insurers of high creditworthiness. 74