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Tilt Renewables reaches financial close for 396 MW wind farm

Tilt Renewables has announced that construction of the Rye Park Wind Farm, the to date largest OWF in New South Wales, Australia, will commence this year having achieved financial close.

Image: PixabayImage: Pixabay

The 396 MW Rye Park Wind Farm will create an estimated 250 direct jobs during the construction phase. When fully commissioned in 2024, the RPWF will be the largest operating wind farm in NSW and will be a key component of the growing PowAR renewable energy portfolio. PowAR, which completed the acquisition of Tilt RenewablesAustralian business earlier this month, is already the largest owner and operator of non-hydro renewable energy in Australia, with a portfolio of more than 1,700 MW across operating and under-construction solar and wind assets, the company said.

RPWF will be constructed on an elevated ridgeline near the town of Rye Park, near Yass in the Southern Tablelands region of NSW. It will utilise 66 Vestas EnVentus V162-6.0MW wind turbines, maximising energy production and environmental benefits. Construction activity on site will commence in Q4 2021 under a multi-contract structure.

The wind farm will have an average annual energy production of 1,188 GWh, equivalent to powering approximately 215,000 homes and offset 960,000 tonnes of CO2 per year, which is the equivalent of removing approximately 300,000 cars from the road each year.

“This is considered the first of many investment decisions that will be made over the coming years as the combined business looks to build out the Tilt Renewables development pipeline, which we consider to be the best in the market,” PowAR Chief Executive Officer Geoff Dutaillis said. “We are very pleased to be able to continue our long-standing relationship with our trusted delivery partners, Vestas and Zenviron, to work with our valued customer Newcrest and to further enhance our relationship with Lumea given the strategic importance of the RPWF and our pipeline of development opportunities in NSW."

Tilt Renewables
Windfair Editors
Tilt Renewables, Australia, NSW, Rye Park, wind farm, onshore, financial close, MW, CO2, electricity, home, energy production

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