Genesis Energy and Tilt Renewables are to partner on the development of the 100MW Waverley wind farm in New Zealand.
Tilt will own and operate the project, which will supply electricity to Genesis Energy under a long-term power purchase agreement.
The wind farm will be located between Patea and Waverley in South Taranaki and will consist of 48 turbines across a 980 hectare site.
Resource consent was granted in 2017 and construction could start in the first half of next year.
Tilt Renewables chief executive Deion Campbell said: “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.
“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.”
Genesis chief executive Marc England said: “The 100MW wind farm could begin operating in 2020 and will further increase the percentage of generation New Zealand gets from renewable sources.”