Windfarm operator Tilt Renewables to be sold for nearly $3 billionThis story was originally published on RNZ.co.nz and is republished with permission. An Australian-dominated consortium is in line to buy windfarm operator Tilt Renewables for nearly $3 billion. The consortium of Queensland Investment Corp., AGL Energy, Australia's Future Fund, and Mercury Energy will pay $7.80 a share for Tilt, which has windfarms on both sides of the Tasman. Tilt Renewables chairperson Bruce Harker said: "This compelling acquisition proposal is a result of Tilt Renewables' constant focus on delivering long‐term value for shareholders and the board is pleased that, with these new owners, the transition to renewables in Australia and New Zealand will continue to accelerate". Tilt operated the windfarm assets of Trustpower, before it was split off and listed on the NZX in 2016.

Source: Stuff March 15, 2021 00:45 UTC