Australasian renewable energy operator, Tilt Renewables Limited inked the 15 year supply deal with Victorian Government in relation to the companyâs bid for the Dundonnell Wind Farm.
Today, i.e. 11 September 2018, the company released the market announcement stating an acceptance of offer from the Victorian Government in relation to the generation output for 29 of the 80 turbines to be constructed at Dundonnell.
The deal has been affected through the Support Agreement under which Tilt Renewables will supply electricity to the Victorian government for a term of 15-years under a contract for differences. This brings the certainty to progress the 336 MW project which would require an estimated $300 million of funding for financial close.Â [optin-monster-shortcode id="wxhmli4jjedneglg1trq"]
In the announcement the company said that final investment decision for financial close is expected to be taken by late CY2018 while the construction is anticipated to begin early in CY2019. Moreover, the total construction cost is now expected to be $560 million, less than the estimate of $600 million, announced previously.
After completion Dundonnell is expected to contribute approximately $40 - $50 million of ongoing free cash flow annually.
TLT share price has surged 2.404% to $2.130 on 11 September 2018.
The Income available from dividends remains attractive for many investors.
We take a look at the best yields on the market and assess what they say about a companyâs prospect.
One Thing is certain, though, Australia interest rates are still low, making income difficult to come by and keeping the focus for many investors on high yielding stocks. Kalkineâs team of analysts bought you handpicked report for âTop 25 Dividend Stocks For 2018.â
ASX-relevant Special Reports are published year-round to provide a detailed analysis into an investing opportunity or a potential risk to your portfolio.
Click here to get your free report.
The advice given by Kalkine Pty Ltd and provided on this website is general information only and it does not take into account your investment objectives, financial situation or needs. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people.Â Kalkinemedia.comÂ and associated websites are published by Kalkine Pty Ltd ABN 34 154 808 312 (Australian Financial Services License Number 425376). website), employees and/or associates of Kalkine Pty Ltd do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations.