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Tilt Renewable moving forward with largest wind farm in Australia’s New South Wales

December 16, 2020

Renew Economy:

Listed renewable energy developer Tilt Renewable says it has landed a long term contract with major mining company Newcrest that will underpin the development of what will be the biggest wind project in NSW – the 400MW Rye Park project in the north of the state.

Tilt and Newcrest have signed up for a 15-year supply deal for its Cadia gold mine in western NSW, that will account for around 55 per cent of the output of Rye Park and will include electricity and green products. The pricing has not been revealed.

Newcrest says the deal is important to support the long term future of the Cadia mine, saying the deal guarantees its energy supply costs will remain competitive and will deliver a significant reduction in emissions.

Tilt says the deal means that it can now move forward with the construction of Rye Park, where it expects to start construction late next year and deliver power in late 2023. However, the project depends on the ability to obtain a variation to its development approval that will allow it to use bigger turbines. Machines of up to 6MW are being contemplated.

It is the second major off take agreement with a corporate customer for Tilt, which signed up retailer Audi for its 336MW Dundonnell wind farm in Victoria, which also has an underwriting agreement with the Victorian government.

“The long‐term off-take agreement with Newcrest, our second corporate off-take, will underpin the investment decision for our largest wind farm to date, allowing Tilt Renewables to grow its footprint of high‐quality renewable energy assets, supporting the low carbon ambitions of corporate Australia,” Tilt CEO Deion Campbell said in a statement.

[Giles Parkinson]

More: Tilt lands contract with Newcrest gold mine for biggest wind project in NSW

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