Favourable rainfall and wind conditions in the June quarter paved the way for a record generation of renewable energy.
A global investor tour by Contact Energy aims at not only selling the company but also the merits of investing in New Zealand.
The independent report going to Tilt shareholders indicates there should be a much stronger price for the company than the two takeover parties have offered.
Few politicians talk about the important back up the Huntly gas and coal-fired as a back-up when renewable energy is found wanting. A report just released shows what may be required with a 100% renewable scenario.
Tilt Renewables has cited a Victorian wind farm deal as an example of its defence against a full takeover.
A former chairman of NZ Windfarms, which operates a wind farm near Palmerston North, has stepped down as a director, for personal reasons.
Victoria is one of the Australian States besotted by renewable energy and is providing a handy prop for Tilt Renewables to get the Dundonnell wind farm operating within two years.
There appears to be something of a Mexican stand-off with the bid by Tilt Renewables’ two major shareholders being able to complete a full takeover of the company.
The joint takeover team of Infratil and Mercury NZ have begun despatching their offer document to Tilt Renewable shareholders with the intent of achieving a full takeover.
Independent directors of Tilt Renewables have told shareholders to reject the full takeover bid by the company’s two dominant shareholders.