{"id":21513,"date":"2018-05-15T07:44:34","date_gmt":"2018-05-14T21:14:34","guid":{"rendered":"https:\/\/www.solarquotes.com.au\/blog\/?p=21513"},"modified":"2018-05-15T07:44:34","modified_gmt":"2018-05-14T21:14:34","slug":"mercury-tilt-renewables-mb0586","status":"publish","type":"post","link":"https:\/\/www.solarquotes.com.au\/blog\/mercury-tilt-renewables-mb0586\/","title":{"rendered":"Mercury NZ Takes Big Stake In Tilt Renewables"},"content":{"rendered":"<div id=\"attachment_21514\" style=\"width: 710px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" aria-describedby=\"caption-attachment-21514\" class=\"size-full wp-image-21514\" src=\"https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/05\/mercury-tilt-renewables.jpg\" alt=\"Mercury NZ and Tilt Renewables\" width=\"700\" height=\"411\" srcset=\"https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/05\/mercury-tilt-renewables.jpg 700w, https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/05\/mercury-tilt-renewables-300x176.jpg 300w\" sizes=\"(max-width: 700px) 100vw, 700px\" \/><p id=\"caption-attachment-21514\" class=\"wp-caption-text\">Image: <a href=\"https:\/\/pixabay.com\/en\/renewable-energy-environment-wind-1989416\/\" target=\"_blank\" rel=\"nofollow noopener\">Seagul<\/a><\/p><\/div>\n<p>New Zealand energy company Mercury NZ Limited has announced it will take up to a 26.8% stake in NZX and ASX-listed Tilt Renewables.<!--more--><\/p>\n<p>Mercury (ASX: MCY \/ NZX: MCY) <a href=\"http:\/\/issuu.com\/mercurynz\/docs\/mercury_acquires_stake_in_tilt_rene?e=25554184\/61247595\" target=\"_blank\" rel=\"noopener\">says<\/a> it reached agreement with the Tauranga Electricity Consumer Trust (TECT) to acquire a 19.99% stake for a total purchase price of NZ $143,895,594.60, or $2.30 per share.<\/p>\n<p>It has also secured an option to acquire the remaining approximately 6.81% of Tilt Renewables (ASX: TLT \/ NZX: TLT) shares held by TECT at $2.30 per share, an option it must exercise within 6 months.<\/p>\n<p>As well as aligning with Mercury&#8217;s strategy for economic growth, the move will give it more of a look-in across the ditch &#8211; here in Australia.<\/p>\n<blockquote><p>\u201cThe investment will allow Mercury to meaningfully participate in Australia\u2019s accelerating transition to renewable energy sources,\u201d said Mercury Chief Executive Fraser Whineray.<\/p><\/blockquote>\n<h2>Tilt Renewables&#8217; Presence In Australia<\/h2>\n<p><a href=\"https:\/\/www.tiltrenewables.com\/assets-and-projects\/\" target=\"_blank\" rel=\"noopener\">Tilt has<\/a> four operating wind farms in Australia and one under construction. Among its projects in development are a 300MW\/1350MWh <a href=\"https:\/\/www.solarquotes.com.au\/blog\/energy-storage-south-australia-mb0452\/\"> pumped hydro energy storage project<\/a> at Highbury, near Adelaide, the 250MW <a href=\"https:\/\/www.solarquotes.com.au\/blog\/western-downs-solar-farm-mb0218\/\">Western Downs Solar Farm<\/a> in Queensland, a <a href=\"https:\/\/www.solarquotes.com.au\/blog\/snowtown-north-solar-mb0322\/\">45MW solar facility<\/a> featuring up to 25MW of battery storage near Snowtown in South Australia and a <a href=\"https:\/\/www.solarquotes.com.au\/blog\/solar-power-mareeba-mb0383\/\">75MW solar power project<\/a> for Queensland\u2019s Mareeba region.<\/p>\n<p>The Mercury stake will be a welcome show of confidence in Tilt, which had a bit of a rough run in terms of electricity generation over the past 12 months. In its recently released <a href=\"https:\/\/www.asx.com.au\/asxpdf\/20180510\/pdf\/43ty4rgfr7f0sx.pdf\" target=\"_blank\" rel=\"noopener\">Full Year Results<\/a> for the year ending 31 March 2018<sup class='endnote'><a href='https:\/\/www.solarquotes.com.au\/blog\/mercury-tilt-renewables-mb0586\/#en-21513-1' id='enref-21513-1' onclick='return hhEndnotes_show(21513)'>1<\/a><\/sup>, Tilt Renewables says its wind portfolio produced 1,796 GWh of electricity in FY18, 253 GWh lower than the previous year. The company says this was due to wind speeds being significantly below average in New Zealand and slightly below average in Australia during the period, resulting in group production 8% below long-term expectations.<\/p>\n<p>Tilt also notes production from Snowtown I &amp; II was curtailed by 24GWh (2.4%) in FY18 by AEMO-imposed constraints for SA system strength.<\/p>\n<h2>Mercury&#8217;s Green Power Credentials<\/h2>\n<p>As for <a href=\"https:\/\/www.mercury.co.nz\/\">Mercury NZ<\/a>, it has pretty solid green energy street cred, with 100% of its generation coming from renewable sources. The company has 9 hydro generation stations on New Zealand&#8217;s Waikato River and 5 geothermal plants throughout the central North Island.<\/p>\n<p>Mercury is an interesting name choice for an energy company given it&#8217;s one of the many <a href=\"https:\/\/www.solarquotes.com.au\/blog\/coal-power-australia-toxic-mb0168\/\">toxic substances<\/a> spewed by coal power plants, but it&#8217;s good to see the little black\/brown rock isn&#8217;t to be found in Mercury&#8217;s generation portfolio.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New Zealand energy company Mercury NZ Limited has announced it will take up to a 26.8% stake in NZX and ASX-listed Tilt Renewables.<\/p>\n","protected":false},"author":17,"featured_media":21514,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[678],"tags":[],"class_list":["post-21513","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-solar-battery-news","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Mercury NZ Takes Big Stake In Tilt Renewables - SolarQuotes Blog<\/title>\n<meta name=\"description\" content=\"New Zealand energy company Mercury NZ Limited has announced it will take up to a 26.8% stake in NZX and ASX-listed Tilt Renewables.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.solarquotes.com.au\/blog\/mercury-tilt-renewables-mb0586\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mercury NZ Takes Big Stake In Tilt Renewables\" \/>\n<meta property=\"og:description\" content=\"New Zealand energy company Mercury NZ Limited has announced it will take up to a 26.8% stake in NZX and ASX-listed Tilt Renewables.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.solarquotes.com.au\/blog\/mercury-tilt-renewables-mb0586\/\" \/>\n<meta property=\"og:site_name\" content=\"SolarQuotes Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/SolarQuotes\/\" \/>\n<meta property=\"article:published_time\" content=\"2018-05-14T21:14:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/05\/mercury-tilt-renewables.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"700\" \/>\n\t<meta property=\"og:image:height\" content=\"411\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Michael Bloch\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@solar_quotes\" \/>\n<meta name=\"twitter:site\" content=\"@solar_quotes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/mercury-tilt-renewables-mb0586\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/mercury-tilt-renewables-mb0586\/\"},\"author\":{\"name\":\"Michael Bloch\",\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/#\/schema\/person\/66afd571aa00c2e442f0192ebac2f6f1\"},\"headline\":\"Mercury NZ Takes Big Stake In Tilt Renewables\",\"datePublished\":\"2018-05-14T21:14:34+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/mercury-tilt-renewables-mb0586\/\"},\"wordCount\":437,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/mercury-tilt-renewables-mb0586\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/05\/mercury-tilt-renewables.jpg\",\"articleSection\":[\"General Solar &amp; 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Just days after SA's 50,000 solar + battery system strong virtual power plant project was announced, developer Tilt Renewables has unveiled plans\u2026","rel":"","context":"In &quot;General Solar &amp; Storage News&quot;","block_context":{"text":"General Solar &amp; Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Highbury Pumped Hydro Energy Storage Project","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/02\/highbury-pumped-hydro.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/02\/highbury-pumped-hydro.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/02\/highbury-pumped-hydro.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/02\/highbury-pumped-hydro.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":63806,"url":"https:\/\/www.solarquotes.com.au\/blog\/dalvui-battery-corangamite-mb2570\/","url_meta":{"origin":21513,"position":1},"title":"Big Battery Plan Pushback From Corangamite Shire Council","author":"Michael Bloch","date":"July 27, 2022","format":false,"excerpt":"Just as one renewables-related saga in Victoria's Corangamite Shire ends, another may be beginning - this time in relation to a proposed big battery. Tilt Renewables has proposed a 196 MW \/ 392 MWh battery project in Terang, which is around 212 kilometres south- west of Melbourne and situated within\u2026","rel":"","context":"In &quot;General Solar &amp; Storage News&quot;","block_context":{"text":"General Solar &amp; Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Dalvui battery project - Tilt Renewables","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/07\/dalvui-battery-project.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/07\/dalvui-battery-project.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/07\/dalvui-battery-project.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/07\/dalvui-battery-project.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/07\/dalvui-battery-project.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":35985,"url":"https:\/\/www.solarquotes.com.au\/blog\/mount-signal-solar-mb1346\/","url_meta":{"origin":21513,"position":2},"title":"New Energy Solar Announces U.S. Solar Farm Completion","author":"Michael Bloch","date":"December 30, 2019","format":false,"excerpt":"Australia's New Energy Solar has announced construction of the Mount Signal 2 solar plant in California is complete. Sydney headquartered New Energy Solar (NEW) was established in 2015 and acquires, owns and manages large scale solar energy generation facilities both locally and overseas. The Mount Signal 2 solar farm is\u2026","rel":"","context":"In &quot;General Solar &amp; Storage News&quot;","block_context":{"text":"General Solar &amp; Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Mount Signal Solar","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/12\/mount-signal-solar.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/12\/mount-signal-solar.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/12\/mount-signal-solar.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/12\/mount-signal-solar.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/12\/mount-signal-solar.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":79036,"url":"https:\/\/www.solarquotes.com.au\/blog\/munna-creek-solar-telstra\/","url_meta":{"origin":21513,"position":3},"title":"Munna Creek Solar Farm Signs Telstra To Take Half Its Output","author":"Richard Chirgwin","date":"September 29, 2023","format":false,"excerpt":"Telstra has taken another step in its long-standing commitment to renewable energy with its fifth power purchase agreement (PPA), this time with a solar farm near Gympie in Queensland. Announced yesterday, the PPA will see Telstra take half of the output of the $150 million 120MW Munna Creek Solar Farm\u2026","rel":"","context":"In &quot;General Solar &amp; Storage News&quot;","block_context":{"text":"General Solar &amp; Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Munna Creek Solar Farm Telstra PPA","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2023\/09\/solar-farm-generic.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2023\/09\/solar-farm-generic.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2023\/09\/solar-farm-generic.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2023\/09\/solar-farm-generic.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2023\/09\/solar-farm-generic.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":17033,"url":"https:\/\/www.solarquotes.com.au\/blog\/snowtown-north-solar-mb0322\/","url_meta":{"origin":21513,"position":4},"title":"Plans Lodged For Snowtown North Solar Farm","author":"Michael Bloch","date":"November 23, 2017","format":false,"excerpt":"Tilt Renewables has reportedly lodged plans for a 45MW solar facility featuring up to 25MW of battery storage near Snowtown with South Australia's State Planning Commission. The proposed solar farm will be constructed next to Tilt Renewables\u2019 existing\u00a0 Snowtown I Wind Farm substation. Lodging of the plans was originally intended\u2026","rel":"","context":"In &quot;General Solar &amp; Storage News&quot;","block_context":{"text":"General Solar &amp; Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Snowtown North Solar Farm","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/11\/snowtown-solar-farm.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/11\/snowtown-solar-farm.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/11\/snowtown-solar-farm.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/11\/snowtown-solar-farm.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":15268,"url":"https:\/\/www.solarquotes.com.au\/blog\/western-downs-solar-farm-mb0218\/","url_meta":{"origin":21513,"position":5},"title":"Go-Ahead For 250MW Western Downs Solar Farm","author":"Michael Bloch","date":"September 22, 2017","format":false,"excerpt":"Western Downs Regional Council has announced approval of another large-scale solar farm in its region - the second to be approved by Council this week. The 250MW project will be located 23km south-east of Chinchilla, close to the site of Kogan Creek Power Station. According to project developer Tilt Renewables,\u2026","rel":"","context":"In &quot;General Solar &amp; Storage News&quot;","block_context":{"text":"General Solar &amp; Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Western Downs Solar Farm","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/09\/western-downs-solar-farm.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/09\/western-downs-solar-farm.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/09\/western-downs-solar-farm.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/09\/western-downs-solar-farm.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/21513","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/comments?post=21513"}],"version-history":[{"count":2,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/21513\/revisions"}],"predecessor-version":[{"id":21516,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/21513\/revisions\/21516"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/media\/21514"}],"wp:attachment":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/media?parent=21513"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/categories?post=21513"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/tags?post=21513"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}