Tilt Renewables: Rye Park Update

Infratil Limited 5 Market Lane, PO Box 320, Wellington, New Zealand Tel +64-4-473 3663 www.infratil.com

16 December 2020


Tilt Renewables: Rye Park Update
Tilt Renewables Limited (Tilt Renewables), in which Infratil is a 65% shareholder, announced this morning
that it has signed a Power Purchase Agreement for 55% of the off take for the proposed Rye Park Wind
Farm (RPWF) development in New South Wales, Australia for a term of 15 years.
Tilt Renewables has also provided an update on its development pipeline of wind and solar projects, noting
that it has over 4,500MW of quality wind, solar and storage opportunities across New Zealand and
Australia, of which approximately 3,000MW are considered mid-late stage.
Infratil notes that the RPWF announcement, together with the updated view on Tilt Renewables’
development pipeline, demonstrate its position as a leading renewables platform in Australia and New
Zealand.
As noted on 7 December 2020, Infratil has commenced a strategic review of its investment in Tilt
Renewables and will continue to update the market of any material developments.
A copy of the Tilt Renewables release is attached.

Any enquiries should be directed to:
Mark Flesher, Investor Relations, Infratil Limited mark.flesher@infratil.com

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Tilt Renewables GPO Box 16080
Phone: 1300 660 623 Collins Street West
tiltrenewables.com Melbourne Victoria, 8007
Australia

 
NZX AND ASX ANNOUNCEMENT 
 
15 December 2020 
 
 
OFFTAKE AGREEMENT WITH NEWCREST FOR THE RYE PARK WIND FARM  
 
Tilt Renewables Limited (“TLT”) announces that it has finalised an offtake agreement with Newcrest 
Mining Limited (“Newcrest”) for the supply of electricity and green products for a 15‐year period from the 
Rye Park Wind Farm 
(“RPWF”).  Newcrest will utilise the offtake agreement to support its long‐life Cadia 
mine in New South Wales, as well as assisting in achieving its corporate emissions intensity reduction 
target. 
 
The offtake agreement, for around 55% of the output of the RPWF, will provide the foundation for the 
construction of the
 wind farm, which is planned to be approximately 400MW and will be located near the 
Rye Park township in New South Wales. 
 
The offtake agreement will allow TLT to complete the remaining development activities for the RPWF and 
present the project to the TLT board for a final investment decision.  
If the RPWF project is approved, 
construction is expected to commence within the next 6‐9 months. 
 
Deion Campbell, Tilt Renewables CEO, says “We are excited to be partnering with Newcrest, a well‐
known, highly regarded Australian business and look forward to the Rye Park Wind Farm powering the 
Cadia 
mine from FY2024.  The long‐term offtake agreement with Newcrest, our second corporate offtake, 
will underpin the investment decision for our largest wind farm to date, allowing Tilt Renewables to grow 
its footprint of high‐quality renewable energy assets, supporting the low carbon ambitions of corporate 
Australia”. 
 
“The Rye Park Wind
 Farm is another example of us continuing to progress quality projects through our 
development pipeline towards an investment decision. This pipeline is one of the most extensive in the 
market and now stands at well over 4,500MW of quality wind, solar and storage opportunities across 
New Zealand and Australia, some 
3,000MW of which are considered mid‐late stage projects. There are 
now approximately 500MW of solar and 400MW of storage and firming options being advanced in 
addition to our deep wind project portfolio, meaning Tilt Renewables is well placed to continue its growth 
trajectory into the future”. 
 
ENDS 
 
 
For further 
information please contact: 
Steve Symons  
Chief Financial Officer 
Tilt Renewables 
Phone +61 419 893 746