Genesis and Tilt Renewables Plan For Waverley Wind Farm

MARKET RELEASE
Date: 17 October 2018
NZX: GNE / ASX: GNE

GENESIS AND TILT RENEWABLES ANNOUNCE PLAN FOR WAVERLEY WIND FARM

Genesis and Tilt Renewables today announce they intend to partner in the development of the
Waverley Wind Farm.

“Tilt Renewables is very pleased to be establishing a strategic relationship with Genesis, benefiting
from our complementary capabilities to deliver more renewable energy to New Zealand” says Deion
Campbell, Tilt Renewables CEO.

“The parties’ agreement of proposed terms and conditions for a long term power purchase and
services agreement, is a significant step toward the finalisation of a key partnership which will allow
Tilt Renewables to progress the Waverley Wind Farm to construction, potentially as early as the first
half of 2019, subject to reaching final agreement on commercial terms,” says Campbell.

The Waverley Wind Farm, which will be owned and operated by Tilt Renewables, is a wind powered
electricity generation project located between Patea and Waverley in South Taranaki. Resource
consent for the project was granted in July 2017, allowing for up to 48 turbines to be installed on
the 980 hectare site.

Marc England, Genesis CEO, says Genesis is committed to helping New Zealand transition to a low
carbon future.

“The 100 megawatt wind farm could begin operating in 2020 and will further increase the
percentage of generation New Zealand gets from renewable sources.”

“At 85%, New Zealand already has the third highest renewable electricity generation in the OECD
and electricity generation makes up just 4% of New Zealand’s total carbon emissions. The signing of
these terms is an important step on our path to increasing renewable electricity.”

“The electricity sector will play a critical role in the decarbonisation of higher emission sectors such
as transportation and industrial processing. This exciting project will play a role as we meet
predicted increases in demand for renewable energy,” says England.

New Zealand has 17 operating wind farms with a capacity of 690 megawatts. Genesis’ Hau Nui (te
reo Māori for "big wind") was the first wind farm built in New Zealand. The Hau Nui Wind Farm is a
15-turbine wind farm located in the South Wairarapa District of New Zealand.

ENDS

For media enquiries, please contact:
Emma-Kate Greer
Group Manager Corporate Relations
Genesis
M: +64 27 655 4499

For Genesis investor relations enquiries,
please contact:
Investor Relations Manager
Cameron Parker
Genesis Energy
P: +64 9 951 9311
M: +64 21 241 3150
For further information from Tilt Renewables,
please contact:
Steve Symons
Chief Financial Officer
Tilt Renewables
M: +61 419 893 746

About Genesis Energy

Genesis Energy (NZX: GNE, ASX: GNE) is a diversified New Zealand energy company. It sells electricity, reticulated
natural gas and LPG through its retail brands of Genesis Energy and Energy Online. It is New Zealand’s largest
energy retailer with around 500,000 customers. The Company generates electricity from a diverse portfolio of
thermal and renewable generation assets located in different parts of the country. Genesis Energy also has a
46% interest in the Kupe Joint Venture, which owns the Kupe Oil and Gas Field offshore of Taranaki, New
Zealand. Genesis Energy had revenue of $NZ2.3bn during the 12 months ended 30 June 2018. More information
can be found at www.genesisenergy.co.nz

About Tilt Renewables

Tilt Renewables (NZX:TLT, ASX:TLT) has a vision to be a leading developer and owner of renewable energy
generation in Australia and New Zealand. It owns and operates eight wind farms in Australia and New Zealand
with an installed capacity of 636MW. Tilt Renewables also has a significant pipeline of over 3,500MW of wind
and solar projects in Australia and New Zealand of which more than 2,000MW have secured the required
planning approvals. www.tiltrenewables.com