Tilt Renewables' Tararua wind farm. Mercury Energy and an Australian partner appear to have won the race to buy Tilt Renewables, an Australasian wind farm developer which was spun out of TrustPower, bidding almost $3 billion. On Monday Tilt Renewables announced that it had entered a scheme implementation agreement under which it was proposed that PowAR would acquire its Australian business and Mercury would acquire the New Zealand business. In early December Infratil, which owns around two thirds of Tilt's shares, announced it was undertaking a review of its investment after receiving approaches. Just prior to the announcement, Tilt shares had been trading for less than $4.

Source: New Zealand Herald March 14, 2021 20:57 UTC