The soccer World Cup is under way, with 32 national teams now camped in the Middle East to compete for glory.

While the choice of host, Qatar, has been controversial due to the country's human rights record, billions of soccer fans will still tune in to barrack for their flag. The sport is a matter of life and death in many parts of the world.

As Australia prepares for its first game kicking off early Wednesday morning, Abrdn investment manager and soccer enthusiast Shawn Lee couldn't help himself.

He has picked his own team of 11 ASX shares that would lead his portfolio to a World Cup win:

Goalkeeper

The safe pair of defensive hands at the back for Lee is Auckland International Airport Limited (ASX: AIA).

"We need a good communicator with quick reflexes guarding our goal," Lee said on the Abrdn blog.

"Auckland Airport's prompt response to the COVID crisis was impressive. It moved swiftly to rein in its cost base, pausing large capital projects and preemptively raising emergency capital."

With the world now well into the post-pandemic era, he feels like Auckland Airport can "fend off the ups and down of economic cycles" and offers its investors a monopoly asset.

Left and right backs

According to Lee, left back Bapcor Ltd (ASX: BAP) is "one of the most compelling defensive players".

"Even though Bapcor has had a recent change of coach, new chief executive Noel Meehan has progressively won over the dressing room to restore our team's stability," he said.

"Although many things may not be 'better than before', we think Bapcor has a long playing career ahead and, allied to reasonable valuation, demands a place in our starting line-up."

The right back position will be taken by real estate fund Centuria Capital Group (ASX: CNI).

"We wanted a versatile full-back that's quick on its feet, with good anticipation and composure," said Lee.

"Centuria fits the bill nicely, with its nimbleness evident as it pivots its core unlisted funds business."

He admitted office assets were under a cloud in the post-COVID era, but the company has other fires burning.

"Centuria continues to seek out growth by pivoting its product towards other property sub-sectors more in vogue – including healthcare, industrial property and agriculture investments."

Centre backs

Lee's middle defenders are Infratil Ltd (ASX: IFT) and Ridley Corporation Ltd (ASX: RIC).

"We want our centre backs to provide as much pitch coverage as possible, and Infratil's portfolio of other core investments span a range of sectors such as data centres, telecommunications, retirement living and electricity generation," he said. 

"We think Infratil is staying one step ahead of a fast-evolving game – evident through its investment in solar/wind farm developer and operator Long Road Energy."

Animal feed producer Ridley is on the radar of many experts at the moment.

"Ridley's defensive psyche is finely tuned, with the majority of customer contracts allowing it to pass through inflationary costs, while its mix of divisional exposures should also provide some protection against adverse weather," said Lee.

"After shedding excess, some might say Ridley has a small frame. But this player still packs a punch."

Midfielders

Left, centre and right midfielders are IPH Ltd (ASX: IPH), AUB Group Ltd (ASX: AUB) and Monadelphous Group Limited (ASX: MND), respectively.

"Like any good midfielder, IPH is in excellent condition and is no stranger to playing the endurance game, especially given that the patent lifecycle and corresponding workflow can span 20 years or more," said Lee.

"We drafted AUB in to play a crucial role in our team as we believe its traditional defensive strengths are being nicely complemented by an improving offensive game."

Monadelphous sounds like a biotech, but it's actually a Perth-based mining services provider.

"It has an exemplary operating track record, differentiating it from what is otherwise a peer group of service providers that typically experience booms and busts," Lee said.

"Midfield is often referred to as the engine room of the team, and the WA resources engine is most definitely humming!"

Forwards

The wingers for Lee would be IDP Education Ltd (ASX: IEL) and Hub24 Ltd (ASX: HUB).

"Wingers need good ball control to get in behind opposition defences and set up attempts on goal. We believe IDP has excellent skills and a few tricks in its locker," he said.

"In between digitising the business through computer-based IELTS testing, the acquisition of online course database provider Hotcourses, the launch of marketplace platforms such as IDP live, the shrewd purchase of IELTS India and thriving amid the COVID crisis that otherwise devastated the international student industry, we think the business has executed almost flawlessly and consistently made fools of opposing defences."

Hub24 has "had more shots at goal than many of its peers".

"Speed is a key attribute of good wingers, and this is where Hub24 does not disappoint," said Lee. 

"Platform funds under administration have grown at breakneck speed since the business was established in 2007, in part due to tailwinds from the move towards independent financial advice, but also as a result of innovative platform technology and a superior customer experience."

Finally, the big goal scorer in the centre forward position is Pro Medicus Limited (ASX: PME).

"We can't fault Pro Medicus's hot scoring streak, announcing multiple record-sized cloud-based contract wins, together with strong renewal momentum on improved pricing and contractual terms," said Lee.

"Not only do we anticipate conversion of the contract pipeline, we think the business has enhanced its scalability through cloud-based deployment, which will grow its addressable market meaningfully and allow it to penetrate a smaller customer base previously deemed to be less economic."

The post 11 ASX shares that make Abrdn's World Cup team appeared first on The Motley Fool Australia.

The AGL Energy Limited (ASX: AGL) share price gained 1.95% in Friday trade, outperforming the S&P/ASX 200 Index (ASX: XJO) which trailed in 0.87% lower at the close.

Shares in the energy and telco giant closed at $6.80 apiece. Earlier in Friday's session, they fetched a high of $6.92 and a low of $6.66.

The utilities sector was the strongest performer for the day, and the S&P/ASX 200 Utilities Index (ASX: XUJ) finished with a gain of 1.27%.

It might not be surprising to hear then that two of AGL's peer companies also finished in the green on Friday.

Meridian Energy Ltd (ASX: MEZ) gained a healthy 6.33% and Infratil Ltd (ASX: IFT) ended the day 2.15% higher.

What might be surprising is that there was no news today to spearhead AGL's price movement. But what we can do is recap some of the company's recent events to figure out what led to it.

What's going on with the AGL Energy share price?

AGL received positive coverage from Morgans Investment advisor Jabin Hallihan on 25 October. The broker gave the company a buy recommendation and a price target of $8.81. This suggests a possible 29.5% upside at the time of writing.

More positive sentiment came from AGL board hopeful John Pollaears who described the company as having a "huge, huge upside for shareholders" provided that its transformation plan goes through.

A broker echoed this sentiment at Credit Suisse which gave AGL shares a price target of $8.20.

AGL said it would stop using coal entirely in its strategic review update posted on 29 September. For the company to stop burning coal it will cost around $20 billion and see its emissions drop from 40 million tonnes to net zero.

AGL Energy share price snapshot

The AGL share price is up 10.75% year to date. Meanwhile, the ASX 200 is down 8.84% over the same period.

The company's market capitalisation is around $4.57 billion.

The post Why did the AGL share price outperform the ASX 200 on Friday? appeared first on The Motley Fool Australia.

One of the head-scratchers for investors in FY22 was seeing ASX renewable shares fall in value while households struggled with rising electricity prices. And all during a significant period for the climate change movement as governments around the world commit billions to renewables projects.

That doesn't make sense, right?

Why did ASX renewable shares fall last year?

Wentworth Williamson analyst Martin Marais sums up the problem. He says the renewables industry is currently "incapable of rapidly ramping up production after years of underinvestment".

As a result, "the supply/demand imbalance may take many months, if not years, to fix".

Although climate change is firmly on the agenda in most western nations today, that doesn't mean the renewables sector is in a position to respond to it immediately.

Some of the businesses we refer to as ASX renewable shares are brand new companies, while others are existing energy providers. Both are having to spend oodles of cash to build their renewable energy offerings to meet this sudden demand.

A ramp-up in costs isn't so good when there isn't yet corresponding revenue growth to offset it. And that means profit warnings, according to RC Global chief investment officer Roy Chen.

In a recent article in the Australian Financial Review (AFR), Chen said:

There are some of these clean energy companies that have issued profit warning after profit warning, and warned profit margins could even turn negative because costs are becoming so much.

These are some of the factors making market watchers a bit wary of ASX renewable shares for now.

A snapshot of falling prices in FY22

For this article, we're defining ASX renewable shares as companies producing clean power. Let's take a look at how some of the big players did in FY22.

• The Contact Energy Limited (ASX: CEN) share price dropped 14.5% in FY22
• The Meridian Energy Ltd (ASX: MEZ) share price fell 15% in FY22
• The Mercury NZ Ltd (ASX: MCY) share price tumbled 32% in FY22
• The Infratil Ltd (ASX: IFT) share price lost 6%. (Infratil isn't a power producer but it's a major investor in green energy assets with a market cap of $5 billion. So, it's worth including here)
• Genesis Energy Ltd (ASX: GNE) shares fell 24.5% in value in FY22.

There's no index for ASX renewable shares but the VanEck Global Clean Energy ETF (ASX: CLNE) provides a good proxy. Units in the exchange-traded fund lost 22% in value during FY22.

The post Why did ASX renewable shares fall while electricity prices increased in FY22? appeared first on The Motley Fool Australia.

Tuesday turned out to be a mixed bag for S&P/ASX 200 Index (ASX: XJO) shares, with the consumer staples and healthcare sectors outperforming while the materials sector struggled. The index closed today's session 0.06% higher at 6,606.30 points.

Its rise came despite Westpac Banking Corp (ASX: WBC) finding that consumer confidence fell 3% in July on the back of rate hikes and inflation. Meanwhile, National Australia Bank Ltd (ASX: NAB) found that business confidence fell to below average levels in June.

Despite such sentiment, the S&P/ASX 200 Consumer Staples Index (ASX: XSJ) and S&P/ASX 200 Health Care Index (ASX: XHJ) rose more than 1% today.

The former gained amid the release of the ABS' latest household spending data, which showed spending in May was 7.9% greater than it was at the same point of last year.

Meanwhile, the healthcare sector was driven higher by shares in CSL Limited (ASX: CSL) and ResMed Inc (ASX: RMD).

The S&P/ASX 200 Materials Index (ASX: XMJ) suffered a 1.1% downturn on Tuesday, with lithium shares among its biggest weights. Commodity prices also likely dragged the sector lower.

The price of copper and aluminium fell overnight amid new COVID-19 restrictions in China, which could impact demand. Iron ore futures also slipped 1.9% to US$111.65 a tonne in similar fears.

At the end of Tuesday's session, five of the ASX 200's 11 sectors were trading higher.

So, which ASX shares bested the rest to record the biggest gains today? Read on to find out.

Top 10 ASX shares countdown

Infratil Ltd (ASX: IFT) came out on top of all its peers in ASX's top 200 biggest companies by market capitalisation on Tuesday.

Shares in the renewable energy company lifted around 4%. Read all about Infratil and what it does here.

Today's top 10 biggest gains were made by these ASX shares:

Data as at 4:09pm AEST.

Our top 10 ASX shares today countdown is a recurring end-of-day summary to ensure you know which companies were making big moves on the day. Check in at Fool.com.au after the market has closed during weekdays to see which stocks make the countdown.

The post Here are the top 10 ASX shares today appeared first on The Motley Fool Australia.

ASX renewable energy shares incorporate a range of companies involved in producing clean energy sources.

They span several sectors including resources, materials, and energy. Think lithium explorers, battery producers, electric vehicle manufacturers, clean energy providers… arguably, they're all in the renewables space. But for now, let's just focus on clean power producers.

Power has been a hot topic in the Australian economy of late. Electricity prices have skyrocketed and are contributing significantly to rising inflation, which is currently running at 5.1% per annum.

This problem highlights the urgent need for more renewable energy sources. Not only to lower power costs for consumers but also to support a lurching grid at risk of more frequent blackouts and outages.

So, why did several ASX renewable energy shares fall in June?

ASX renewable energy shares dip in June

Well, let's remember that ASX renewable shares are a relatively young and growing part of the market. And like any growth sector, it will have its ups and downs — and that's what we saw in June.

Mind you, June was a volatile month for ASX shares in general. The S&P/ASX 200 Index (ASX: XJO) lost 8.9% and the S&P/ASX All Ordinaries Index (ASX: XAO) lost 9.5% over the month.

First up, let's look at the broad picture.

Clean energy shares generally form part of the utilities segment of the ASX energy sector. The S&P/ASX 200 Energy Index (ASX: XEJ) fell 0.3% in June and is up 16.9% over the year to date.

There's no index for ASX renewable shares, however, we can look to the VanEck Global Clean Energy ETF (ASX: CLNE) for guidance. It's an exchange-traded fund trading on the ASX and it's chock-a-block full of global renewable energy companies. So it serves as a good proxy for ASX renewable energy shares.

The VanEck Global Clean Energy ETF share price dipped 2.5% in June. Year to date, it's down 9.6%.

Here's how some of the big players performed

Let's look at the performance of the bigger players among ASX renewable energy shares in June.

The Meridian Energy Ltd (ASX: MEZ) share price dropped 3% in June. Year to date, Meridian shares are down 6.5%.

Meridian is New Zealand's largest energy producer and uses 100% renewables. It owns five wind farms, scores of commercial solar arrays, and seven hydropower stations, including the country's largest.

The Mercury General Corporation (ASX: MCY) share price dropped 9.5% in June. Year to date, Mercury shares are down 16.5%.

Mercury is another New Zealand-based green energy provider that uses 100% renewables. The company owns nine hydro stations that supply 10% of the country's electricity annually. It owns five geothermal plants and four wind farms. It's currently building what will be New Zealand's largest wind farm.

The Infratil Ltd (ASX: IFT) share price rose by 0.6% in June. Year to date, Infratil shares are down 7.7%.

Infratil is a different kind of ASX renewable energy share. It's an infrastructure investment company that owns several green energy assets in New Zealand.

Genesis Energy Ltd (ASX: GNE) shares lost 0.15% in value in June. Year to date, Genesis shares are down 6.9%.

Genesis is a leading New Zealand electricity and gas retailer that owns a bunch of thermal and renewable generation assets.

Some ASX renewable shares had a shocker

The Genex Power Ltd (ASX: GNX) share price dropped 14% in June. Year to date, Genex shares are down 32.5%.

Genex is an Australian power generation company specialising in the generation and storage of renewable energy.

Ongoing challenges for ASX renewable energy shares

As my Fool colleague Bernd Struben reported in March, the renewables sector has experienced years of underinvestment, so it's difficult to ramp up production rapidly to meet today's soaring demand.

Plus, many clean energy companies are spending a lot — as you do when you're in growth mode — which is narrowing profit margins.

And it appears ASX investors don't like that, especially when a booming commodities cycle is delivering massive profits to the big resources companies digging fossil fuels out of the ground.

The post Here's why ASX renewable shares slipped in June appeared first on The Motley Fool Australia.

There's a new federal government, in case you haven't heard, and talk of the town is that it could be a positive for those ASX companies tied up in the renewables space.

New Prime Minister and Labor leader Anthony Albanese has promised a 43% reduction in carbon emissions by the year 2030 relative to 2005 levels.

With that backdrop in mind, it's prudent to check in and see how ASX renewable energy shares have tracked in May.

Green shares are in the red

Whilst there's no specific set of indices covering the ESG or renewables segment in Australia, ETFs tracking the sector have stumbled hard in 2022.

The Vaneck MSCI Australian Sustainable Equity ETF (ASX: GRNV) has fallen around 6% this month and is down 12% this year to date.

Whereas the Russell Investments Australian Responsible Investment ETF (ASX: RARI) slipped by roughly half that amount in May.

On the individual level, renewable energy players such as Infratil Ltd (ASX: IFT) have taken a knock in May, trading 3% down month to date.

Meanwhile, other tickers in the space including Genesis Energy Ltd (ASX: GNE) and Hazer Group Ltd (ASX: HZR) have slipped by 5% and 13% this month to date respectively.

It's all relative though, as Einstein might say. Comparing to the S&P/ASX 200 Index (ASX: XJO), each of these names – plus ETFs tracking the sector – are trailing the benchmark.

The month to date returns for May in each of these vehicles are plotted on the chart below.

The post How have ASX renewable energy shares been performing in May? appeared first on The Motley Fool Australia.

In his post-election speech, newly-elected Prime Minister Anthony Albanese noted that Australia can "take advantage of the opportunity for Australia to be a renewable energy superpower".

A Labor government has committed to slashing carbon emissions by 43% by the year 2030, compared to 2005 levels.

But what impact is this set to have on financial markets? And what tickers are set to benefit? Let's take a look.

Clean and renewable energy on the agenda

It appears for the first time in at least 70 years that around one-third of Australians voted neither for Laboror nor the Coalition.

The Greens received roughly 12% of the vote while the so-called teal independents have taken a swathe of formerly Liberal seats, campaigning on a platform of greater climate action.

This new representation in federal parliament is set to have far-reaching impacts on Australia's stance on climate change.

Bloomberg journalist Ben Westcott, speaking on Bloomberg Day Break Australia on Monday, concurs.

Commenting on the outlook for Australia's climate emission reductions, he said: "[Now Prime Minister Anthony] Albanese went to the election with a promise of about 40% climate commission cuts by 2030 but the Greens Party wants 70%, the Independents want 60%."

Westcott said it remains to be seen how this will play out in climate policy but it may be that the Labor government could "be forced to take tougher action to cut emissions".

The regime change has been welcomed by The Clean Energy Investor Group (CEIG), a not-for-profit advocacy organisation representing institutional investors.

The group's CEO Simon Corbell said any shift in policy towards renewables is "deeply consequential for clean energy investment opportunities in Australia". Corbell told The Australian:

The message from the incoming Prime Minister is clear.

He wants Australia to be a renewable energy superpower. And that will send an enormously positive signal, right across the sector, about the opportunity in the Australian market.

We now have a national government that will not simply grudgingly accept the energy transition, but which will enthusiastically embrace it.

And that's enormously positive for investor sentiment.

What ASX shares might benefit?

With the push towards renewable energy imminent, several names within the domain are now front and centre.

ASX shares such as Infratil Ltd (ASX: IFT) and Genesis Energy Ltd (ASX: GNE) come to mind. Each stock has finished 5% and less than 1% in the green over the past five days of trading respectively.

More 'traditional' energy companies with a renewable footprint are contenders too, such as Origin Energy Ltd (ASX: ORG) which has ownership of substantial solar power generation assets.

Secular names such as Hazer Group Ltd (ASX: HZR) also spring to mind given its focus on research into alternative power sources.

Except for Origin – with its 29% gain this year to date – each of these ASX shares has been beaten down in 2022, trading in the red during that time.

In wider market moves, the S&P/ASX 200 Index (ASX: XJO) is trading 0.04% higher early on Tuesday afternoon.

The post If the 'election outcome is deeply consequential for clean energy investment', which ASX shares might benefit? appeared first on The Motley Fool Australia.

Commodity markets are booming in 2022 amid a wave of catalysts. Turns out, that's been equally as harsh for ESG and ethically focused share baskets.

As a sector – which is still poorly defined on Australian public markets, mind you – renewables have lagged other segments such as financials, utilities and materials this year.

How can we tell? Whilst there's no specific ASX renewables index, EFTs tracking the segment have crept downwards this year, as is shown further below.

Evidently, as markets have endured volatility in 2022, that's translated to a fairly strong headwind for ASX renewables shares, and at the end of the day, the sector is in the red in 2022.

Nonetheless, scaling back to the start of the year, some names have absorbed losses better than others. Let's take a look at those.

'Green' shares aren't in the green

Unfortunately, on an individual stock level, what we define as a 'renewables' share is quite narrow. Actually, there are no real winners per se, but some shares absorbed selling pressures better than others.

Let's talk in terms of energy first and, with that, results aren't good.

Renewables investor Infratil Ltd (ASX: IFT) is down 2.45% year to date but has whipsawed higher over the past three months. Although, its price chart looks like a 9.0 scale reading on the Richter scale.

Meanwhile, Genesis Energy Ltd (ASX: GNE), owner of a diverse portfolio of thermal and renewable generation assets located in different parts of New Zealand, has slipped 3.3%.

Trends are similar across the board and it appears any capital that's left the sector has been shipped straight across to the adjacent resources, traditional energy, and wider commodities segments.

Alas, it's no better for the exchange-traded funds (ETFs), with the Vanguard Ethically Conscious International Shares INDEX ETF (ASX: VESG) creeping down by 13%.

Meantime, the VanEck MSCI Australian Sustainable Equity ETF (ASX: GRNV) has fallen by more than 5% and is in a similar vein to the product above.

Finally, the Russell Investments Australian Responsible Investment ETF (ASX: RARI) has crept up hard in 2022 and is 4 basis points higher in that time.

It's important to zoom out

Longer term – since last January to be specific – the picture's a bit different. Three of the four securities have remained buoyant over that time, albeit Genesis Energy, which slipped more than 21% into the red.

The VESG ETF seems to have outperformed this bunch and was the star player until volatility crept in this year and it has since consolidated returns.

It has now levelled off and is rangebound alongside the fellow MSCI Australian Sustainability ETF from VanEck.

That's something to think about.

The post Here are the best ASX renewables shares of the year so far appeared first on The Motley Fool Australia.

As the tensions in Europe continue to increase due to the Russian invasion of Ukraine, so do global oil and gas prices.

In fact, according to Trading Economics, the price of WTI Crude oil jumped to an 11-year high yesterday, hitting more than $112 per barrel.

Meanwhile, in order to regulate prices, the United States and a number of other countries have agreed to release up to 60 million barrels of emergency oil reserves.

So what does this mean for renewable energy companies?

Let's take a look…

Traditional fuel sources skyrocket

Over the last month, the S&P/ASX 200 Energy Index (ASX: XEJ) has been the best performing sector on the ASX, increasing by 12.75%, with the S&P/ASX 200 Materials Index (ASX: XMJ) coming in second.

At time of writing, the energy sector is up 3.2% so far today.

And in correlation, many traditional fossil fuel companies have been benefitting from the oil and gas price hikes. For example, natural gas giant Woodside Petroleum Limited (ASX: WPL), has seen its share price climb by about 22% over the past month. In fact, the Woodside share price has hit a new 52-week high today of $31.99, continuing to climb after yesterday's milestone.

Similarly, the Whitehaven Coal Ltd (ASX: WHC) share price has hit a new 52-week high today of $3.95. Over the last month, its shares have increased by around 40%.

ASX renewable energy shares not so green

On the other side of the fence, a handful of ASX renewables shares haven't seen the same price gains.

Energy, transport and social infrastructure company Infratil Ltd (ASX: IFT) has seen its shares lift by around 4.8% over the past month. They have also risen by 12.5% over the past 12 months.

It's been a contrasting tale for two other ASX renewable energy shares. Contact Energy Limited (ASX: CEN) shares are trading just over 4% higher over the past month, whereas the Mercury NZ Ltd (ASX: MCY) share price has slipped 0.37%.

As these price movements are significantly lower than fossil fuels shares, some investors may be concerned their environmental, social, and governance approach to investing (ESG) may be coming at the expense of potential profits.

Investors wanting renewable change

However, despite increased demand from traditional fuel sources, some investors are remaining positive about seeking climate change solutions.

Following Woodside's climate report and future target report released yesterday, the Investor Group on Climate Change (IGCC) released a report today, calling these targets "often inadequate, or hard-to-assess".

IGCC director of corporate engagement Laura Hillis said:

For the first time, public companies have a clear and comprehensive picture of what investors want in businesses' plans to get ready for a net zero economy. Australia's biggest superannuation and investment funds have made their expectations very clear, and we think businesses will appreciate that.

This guide should help raise the bar for Australian businesses as they seek to align with the expectations of the market in a rapidly decarbonising world.

Renewable energy expected to rebound

As reported by The Australian Financial Review on Wednesday, BlackRock Investment Institute chief regional strategist Ben Powell says the renewable energy sector is brighter than ever. He suggests the current unstable energy situation instead symbolises a need to transition to clean energy solutions.

This energy transition is ongoing and if anything, some of the vulnerabilities have been made very clear in the last few weeks, and the importance of the investment into the energy transition infrastructure is even clearer.

It's not only a green issue, but also a broader supply issue now. We would see this as an accelerant to the transition towards energy sources of the future because energy sources of the past have shown to be fraught with challenges un the last few weeks.

With that in mind, investors will no doubt be keeping a keen eye on the evolving situation in Europe, and the effect it has on both traditional and renewable ASX energy shares.

The post Are ASX green energy shares losing their appeal amid rising oil and gas prices? appeared first on The Motley Fool Australia.

A more environmentally conscious society has offered ASX renewable shares a prevalent tailwind in recent years. While some companies received a boost in 2021, the year was dominated by deals.

In other words, investors were competing with private equity when it came to renewable energy shares last year. Many of the companies that delivered shareholders with positive returns ended up being acquired in 2021. To provide a clear picture of the sector we've included acquired companies in this list.

Here are the ASX renewable shares that powered investor portfolios throughout 2021.

Origin Energy Ltd (ASX: ORG)

Although it's hard to argue Origin Energy is a renewable energy company, it does hold a significant renewable footprint.

During FY21, Origin installed 74 megawatts of solar on Australian homes and businesses. Additionally, the energy company progressed its assessment of renewable hydrogen and renewable ammonia opportunities in Bell Bay, Tasmania.

Alongside this, Origin holds a 20% equity interest in UK-based renewable energy provider Octopus Energy.

Shares in Origin climbed 10% higher by the end of 2021. Accompanying this gain was a respectable 20 cents per share in dividends for shareholders.

Infratil Ltd (ASX: IFT)

The next company making the top 5 best performing ASX renewables shares is Infratil. This infrastructure company used to own a substantial chunk of Tilt Renewables before it was acquired during the year. However, Infratil's portfolio of investments still maintains a 21% allocation across renewables.

At the end of September 2021, renewable investments in the Infratil portfolio included Trust Power, Longroad Energy, Gurin Energy, and Galileo Green Energy.

The Infratil share price was pushed higher, boosted by achieving a record net surplus for its shareholders in 2021. Investors who stuck with this ASX renewable share enjoyed a 12.2% gain by the end of the year.

Tilt Renewables Ltd (ASX: TLT)

As I alluded to earlier, Tilt Renewables was one ASX renewables share that was gobbled up before the year was over.

The New Zealand-based electricity producer was essentially as much of a pure-play renewables company as one could get — with a number of wind and solar assets across Australia. This attracted interest from Mercury NZ Ltd (ASX: MCY) and Powering Australian Renewables (PowAR), which ended up acquirer the company's assets.

When the final deal was done, Tilt shareholders walked away with NZ$8.10 per share, reflecting a gain of ~27% in 2021.

Spark Infrastructure Group (ASX: SKI)

Spark Infrastructure is another ASX renewable share that wasn't able to see in 2022 as a public company. Unlike some of the other companies, Spark operates in the generation, transmission, and distribution of electricity — operating throughout New South Wales, Victoria, and South Australia.

Unfortunately for would-be renewable investors, Spark is now off the table after being acquired by a consortium of investors late last year. For a total consideration of $2.95 per security, Kohlberg Kravis Roberts & Co, the Ontario Teachers' Pension Plan, and Public Sector Pension Investors acquired the previously listed energy company.

In turn, shareholders bagged an astounding return of 39.8% during the year. That reflects a ~27% outperformance of the S&P/ASX 200 Index (ASX: XJO).

Redflow Ltd (ASX:RFX)

Finally, the last ASX renewable share on the list is more on the speculative end of the scale. Redflow is a small-cap battery storage company.

As renewable energy sources rise to prominence methods for adding security and storing the energy produced are becoming more important. While some renewable methods, such as hydropower, naturally incorporate energy storage, other options, such as wind and solar, require another way of managing the supply and demand of the network. As such, grid-tier batteries provide a way for renewable electricity generation to be managed.

The Redflow share price travelled from 2 cents per share to 5 cents per share by the end of the year — representing an increase of 150%.

The post In the green: the 5 best ASX renewable shares of 2021 appeared first on The Motley Fool Australia.

It's no secret the world is decarbonising, but there's another reason the ASX renewable energy sector could be worth watching in 2022.

Chief investment officer for AXA Investment Managers' Core Investments Chris Iggo says decarbonisation could increasingly "determine capital allocation and investment opportunities" in the future.

Let's look at why the fundie is bearish on decarbonisation, as well as which ASX shares operate in the area.

The market in 2022

While the risk of COVID-19 causing havoc on share markets continues as the new year approaches, concerns of inflation have also started to surface.

According to Iggo, during the pandemic, policymakers supported economic growth by cutting interest rates and "loosening fiscal purse strings". But now, he says, "the era of pandemic-crisis monetary policy is coming to an end".

As a result, central banks will likely scramble to reduce inflation – a challenge that's not so simple. Iggo commented:

The impact of the pandemic on global economic trends … will take some time to really understand. For now, however, central banks will err on the side of caution and will need to be convinced – by evidence of persistent second round effects – that the decades-long period of low inflation is coming to an end.

Luckily, Iggo believes investors can look forward to "decent returns" while central banks make necessary changes.

That's because trends like energy transition are still pushing companies to make structural changes.

ASX renewable energy sector on watch

Iggo is optimistic about renewable energy in 2022. Particularly, as energy prices are likely to continue increasing. He commented:

Energy prices rose in the second half of 2021 – a key reason why broader inflation has also increased – yet, there has been no global approach to pricing carbon, which could push energy prices even higher. When it comes, and it will, the economics will swing sharply in favour of renewably produced energy and that will quickly allow upstream activities to benefit.

He also noted that the ongoing COVID-19 recovery, climate innovation, and re-purposing supply chains may bring "strong tailwinds for equity investors", leaving investors with "opportunities to profit".

Finally, he stated, the march towards decarbonisation will be driven by the market even more so in 2022:

Investors are playing a key role in supporting decarbonisation through asset allocation decisions, in engagement with companies on transition plans, and by supporting new technologies and business models that rate highly in terms of ESG.

With that in mind, here are some shares to consider:

3 ASX renewables shares

Genex Power Ltd (ASX: GNX)

Genex Power is working to build a portfolio of renewable energy projects within Australia.

It operates projects producing power from solar, hydro energy, and wind, as well as a battery storage project.

Right now, its share price is 20 cents, 9% lower than it was at the start of 2021.

Infratil Ltd (ASX: IFT)

Infratil is a largely New Zealand-focused company investing primarily in energy, transport, and social infrastructure businesses.

The company owns a business that operates 22 New Zealand hydropower stations. It also owns others that develop wind and solar generation in North America, Europe, and Asia.

Infratil shares are currently trading for $7.60, 6% higher than they were at the start of this year.

Contact Energy Limited (ASX: CEN)

Contact Energy also operates in New Zealand.

It retails electricity generated from geothermal and hydropower.

The company also produces power using thermal generation and supplies gas and broadband.

Shares in Contact Energy are swapping hands for $7.30. They've fallen 14% in 2021.

The post How might renewable energy investment opportunities play out in 2022? appeared first on The Motley Fool Australia.

So which ASX renewables shares have been climbing the charts lately?

Well, unfortunately one of investors' old favourites of the ASX renewables space in Tilt Energy (ASX: TLT), is no longer around after its New Zealand operations were acquired in full by Mercury NZ Ltd (ASX: MCY) back in August. Its Australian arm went to Powering Australian Renewables, itself a division of AGL Energy Limited (ASX: AGL).

Tilt owns a stable of solar and wind farms across Australia and New Zealand. As we covered earlier this year, it had an amazing performance in FY2021, rising more than 120% over the 12 months to 30 June 2021.

So, how has Tilt New Zealand's new owner Mercury been doing then? Well, not as well, as it turns out. Mercury NZ shares are down close to 5% over the past month. And down more than 10% year to date in 2021 so far.

ASX renewables shares deliver a mixed bag

Another ASX renewables company in Infratil Ltd (ASX: IFT) used to own a stake in Tilt as well. But it relinquished this when the company was broken up and sold. But Infratil shares have done a little better than Mercury shares recently. Even though Infratil is down close to 2% over the past month, it's still given investors a healthy 16% return over the past 6 months.

But let's turn to a renewables company that's been burning up the ASX charts recently. Spark Infrastructure Group (ASX: SKI) shares have been booming in recent months. They are up 33.3% since mid-May and 36.5% over the past 12 months. But this is another company that could be acquired and delisted from the ASX very soon.

This company told investors back in August that it had been approached by a consortium of investors, including Kohlberg Kravis Roberts & Co, the Ontario Teachers' Pension Plan, and Public Sector Pension Investments. These investors put up an offer of $2.95 a share for Spark, which the company has recommended to shareholders. They will vote on this proposal by the end of the year.

All of these gyrations, mergers and excitement show how hot this ASX renewables space is right now. Investors have certainly got a bit of a mixed bag from this sector in 2021 so far, but you can't say it hasn't been a thrilling ride!

The post Which ASX renewable energy shares have been climbing the charts lately? appeared first on The Motley Fool Australia.

The S&P/ASX 200 (ASX: XJO) benchmark index has fallen consecutively this past month and has slipped 1.7% in the red, in early morning trade on Friday.

It's been a similarly difficult month for the ASX renewables sector in September as well, as a wave of crises plagues the European energy markets.

The VanEck Global Clean ETF (ASX: CLNE), which serves as a good proxy to track the performance of ASX renewables shares, had its share price clipped almost 6% this month.

Amid this sea of red, let's take a closer look at which ASX renewables shares outperformed their peers in September.

Infratil Ltd (ASX: IFT)

New Zealand based Infratil's share price has climbed over 6% in the last month, despite there being no market sensitive information for the green energy company.

Infratil shares finished yesterday's close at $7.5 apiece, giving the company a market capitalisation of $5.5 billion.

Infratil shares have been lifting since the company announced it had completed the 65.15% stake in Tilt Renewables (ASX: TLT) in August.

The company finalised the sale for gross proceeds of $1.98 billion, to which it has paid a portion of some towards its existing bank facilities.

Infratil estimated the accounting gain from the Tilt divestment is $965 million, thereby generating a return on the company's investment of approximately 35.2% per annum.

The moves follow Infratil's $590 million of capital expenditures and investment into renewable energy in its FY21 earnings report for the year ended 31 March 2021.

Infratil shares have climbed 10% this year to date, and are up around 64% in the last 12 months.

Timah Resources Ltd (ASX: TML)

Timah Resources primarily engages in the production of renewable energy via its subsidiary, Mistral Engineering.

In September, Timah's share price gained an additional 12.5% to a 5-year high of 9 cents each, extending its gain over the last 12 months to 70%.

On 25 August, Timah announced that Mistral had suspended its memorandum of understanding with palm oil milling company Toupos Palm Oil Mill.

Just prior to this, the Department of Environment of Malaysia issued a letter to stop Toupos Palm Oil Mill from delivering palm oil to Mistral.

As the letter was received, Timah took no chances and immediately terminated all contracts with Toupos.

Aside from this, the company also released its half yearly accounts on the same day, where it recognised a 144% increase in net profit over the year prior.

In the days following these announcements, investors piled into Timah Resources shares and pushed it from 7.8 cents to the 5-year highs of today.

Foolish takeaway

The ASX renewables sector has had a difficult month in September, with the broad sector posting a loss in most instances.

Yet, these two names stand out as clear outperformers this past month.

Both of these ASX renewables shares have also climbed over 60% in the last 12 months, perhaps indicating a wider trend when factoring in a longer-term view.

The post These were the best performing ASX renewables shares in September appeared first on The Motley Fool Australia.

Whilst the renewable energy space has seen its fair share of twists and turns over the 20201 financial year that has just passed us by, it has still been a very interesting 12 months for this exciting sector. So let's check out how the major ASX renewable energy shares have performed over the 12 months to 30 June 2021:

How some of the most popular ASX renewable energy shares have performed in FY21:

As you can see, the winning ASX renewable energy share for FY21 was Tilt Renewables. Tilt owns a portfolio of solar and wind farms across Australia and New Zealand. Tilt managed to put up some relatively pleasing numbers in its May full-year results.

But perhaps the biggest driver of the Tilt share price over the 2021 financial year was its suitors. Over the past year or so, Tilt has been sought after for a full takeover by both major shareholder Infratil, and Mercury NZ. Offers from both companies came out over the past 12 months, and each one gave a huge boost to the Tilt share price. Tilt shares are still on the ASX in their own right, but perhaps not for too much longer. This pursual of Tilt has also seemingly given both the Infratil and Mercury NZ share price boosts of their own, something we covered in depth back in February.

Shocks and awe

However, with Contact Energy we had a company that seemed to solely benefit from its earnings numbers over FY21. Back in January, the company got a massive share price boost when it released its monthly operating report. A big jump in the price per megawatt hour (MWh) that Contact received for its electricity generation seemed to be what got investors excited. Although the Contact share price spent the rest of the financial year retreating from the highs it saw in January, the company still managed a healthy 32.3% gain for FY21. We saw a similar occurrence with the Genesis Energy share price.

Finally, it's worth mentioning the elephant in the room, AGL Energy. Although AGL is a long way from a pure renewables company, it is taking steps in this direction. Not only does AGL have a growing portfolio of renewable generation sets, but it's also planning on splitting itself into two companies. However, AGL's share price woes over FY21 largely stem from falling wholesale electricity prices, as well as the declining value of its fossil fuel-powered generation assets. At its current share price ($8.14 at the time of writing), you'd have to go back to 2004 to find the last time AGL was at its current levels. Ouch.

The post How did ASX renewable energy shares perform in FY21? appeared first on The Motley Fool Australia.

Here's what is happening on the market today:

Tech shares rise

Tech shares such as Pro Medicus Limited (ASX: PME) and WiseTech Global Ltd (ASX: WTC) are pushing higher today and helping drive the S&P/ASX All Technology Index (ASX: XTX) up 0.7%. Investors have been buying tech shares following another positive night on the Nasdaq index. The tech-heavy index recorded a 0.5% gain during overnight trade. This compares to a 0.35% decline by the Dow Jones.

Travel shares rebound

News that Victoria will be ending its lockdown on Thursday has gone down well with the market and particularly the travel sector. The likes of Flight Centre Travel Group Ltd (ASX: FLT) and Webjet Limited (ASX: WEB) shares are pushing higher today, with investors seemingly banking on this giving the domestic travel market a big boost in the coming weeks and months.

Ansell names its new CEO

The Ansell Limited (ASX: ANN) share price is trading lower despite announcing its new CEO. This morning the health and safety products company announced that Neil Salmon will become its new Managing Director and CEO on 1 September. This follows a comprehensive internal and external search for a successor. Mr Salmon is currently the company's President of the Industrial Global Business Unit. He will be replacing the retiring Magnus Nicolin.

Best and worst ASX 200 performers

The EML Payments Ltd (ASX: EML) share price is the best performer on the ASX 200 on Tuesday with a 4.5% gain. This morning UBS responded to the payments company's trading update by retaining its buy rating and $5.30 price target. The worst performer has been the Infratil Ltd (ASX: IFT) share price with a 2.5% decline on no news.

The post ASX 200 up 0.1%: Tech shares rise, Ansell names new CEO appeared first on The Motley Fool Australia.

The Infratil Ltd (ASX: IFT) share price is slipping today, down 0.3% in morning trade as the wider S&P/ASX 200 Index (ASX: XJO) is down 1.7%.

Below we take a look at the infrastructure investment company's full year results for the year ended 31 March.

What full year results did Infratil report?

Infratil's share price is slipping despite the company reporting an increase in proportionate earnings before interest, tax, depreciation, amortisation and fair value adjustments (EBITDAF).

Proportionate EBITDAF from continuing operations climbed to NZ$398.8 million (AU$369.3 million) for the year, up from NZ$370.2 million from the previous year.

(Proportionate EBITDAF shows Infratil's operating costs and its share of the EBITDAF of the companies it has invested in. It excludes discontinued operations and management incentive fees.)

Infratil said that COVID had negatively impacted its Wellington Airport and Vodafone New Zealand assets. But this was mitigated by 25% growth in its CDC Data Centres earnings.

Unrealised energy derivative losses at Trustpower and increased management incentive fees drove Infratil's share of the net loss for the year to NZ$49.2 million. The company said this reflects valuation increases not recognised for accounting purposes.

Acquisitions and investments

Over the full year Infratil and its portfolio businesses invested NZ$250 million in digital infrastructure and technology, NZ$590 million in renewable energy, and NZ$310 million for the acquisition of 56.25% of Australian based Qscan Group to initiate a new diagnostic imaging platform.

Following the acquisition of Qscan, Infratil announced it had also entered into an unconditional agreement to acquire 53.5–58.5% of Pacific Radiology. The cost will be in the range of NZ$312–344 million.

Commenting on the acquisitions, Infratil CEO Jason Boyes said:

[The acquisitions] create a meaningful Australasian healthcare platform with a number of potential synergies and adjacent opportunities. The purchases also confirm our continuing confidence in thematics which are driving our capital allocation in communications and digital infrastructure, decarbonisation, and aging populations.

Infratil reported it will have net cash of more than NZ$1 billion for investment following the acquisition of Pacific Radiology and receipt of the Tilt Renewables Ltd (ASX: TLT) sale proceeds.

Returns and dividends

Infratil reported "total shareholder return for the year was 91.9%, comprising 4.3% after tax dividend return and 87.6% capital gain, including the rights issue".

The company has declared a final dividend of 11.5 NZ cents per share. That's up 4.5% from the previous year.

Infratil said it will provide full details of its potential new offer of unsecured, unsubordinated fixed rate Infrastructure bonds at the end of May.

Looking ahead, the company's guidance for the year ending 31 March 2022 is for a proportionate EBITDAF of NZ$470–520 million. That figure excludes Tilt Renewables and Pacific Radiology.

Infratil share price snapshot

Over the past 12 months, Infratil shares have gained 53%, outpacing the 25% gains posted by the ASX 200.

Year-to-date the Infratil share price has slipped, down 5% so far in 2021.

The post What's happening with the Infratil (ASX:IFT) share price? appeared first on The Motley Fool Australia.

The Infratil Limited (ASX: IFT) share price is one to watch today after an acquisition update from the Kiwi infrastructure group.

Why is the Infratil share price in focus?

In its update, Infratil advised it will acquire between 50.1% and 60.1% of Pacific Radiology Group Limited (Pacific Radiology).

Pacific Radiology is a New Zealand-based comprehensive diagnostic imaging business with 46 clinics across the South Island and lower North Island, including more than 90 radiologists.

The Infratil share price will be one to watch as investors react to the latest acquisition news. The Pacific Radiology acquisition is conditional on counterparty consents to change of control in a "small number" of material contracts.

Infratil currently expects the acquisition to complete by 31 May 2021. The acquisition enterprise value of NZ$867 million implies an EV/EBITDA multiple of 12.6 to 13.3 times EBITDA.

What did management say?

Infratil CEO Jason Boyes said the Pacific Radiology acquisition would sit well with Infratil's other "high performing, high-quality assets", and built on its investment last year in Qscan Group, a leading diagnostic imaging business in Australia.

The purchase also confirms our continuing confidence in the New Zealand market and the thematics which are driving our capital allocation in communications and digital infrastructure, decarbonisation and aging populations.

We also see this as an opportunity to scale Infratil's investment in Qscan Group and create a meaningful Australasian healthcare platform with potential synergies and adjacent opportunities.

Foolish takeaway

All eyes will be on the Infratil share price especially after slumping 2.4% lower in yesterday's trade. The latest purchase adds to the group's 2020 acquisition of Qscan.

Infratil announced that transaction's completion on 22 December 2020. The Kiwi infrastructure group used A$289.6 million to purchase the 56.25% stake.

The Infratil share price is one to watch in early trade after the Kiwi infrastructure group's latest acquisition announcement.

The post Why the Infratil (ASX:IFT) share price is in focus appeared first on The Motley Fool Australia.

The Tilt Renewables Ltd (ASX: TLT) share price is flying high today after the wind and solar farm owner and operator announced it's set to be sold off to two separate parties.

Wind of the potential acquisition hit the Australian Financial Review yesterday. The news stated that Tilt Renewables was in the late stages of discussions with Mercury NZ and QIC's renewable investment group, Powering Australian Renewables (PowAR).

Tilt Renewables board tells ASX they're all for it

In the announcement provided to the market, the Tilt board has recommended the proposed acquisition. This would entail Mercury NZ acquiring Tilt's New Zealand operations, while PowAR would acquire the company's Australian operations. The offer from the consortium is set at NZ$7.80 per share in cash to Tilt shareholders.

The proposal comes just over a month after the renewable infrastructure owner received an initial non-binding indicative proposal to acquire it in early February. At the time, Infratil Ltd (ASX: IFT), Tilt's largest shareholder, welcomed the proposal. Tilt went on to offer access to information to these companies to carry out due diligence.

Today's scheme has been fully endorsed by Infratil, as the company agrees to vote its entire 65.5% shareholding in favour of the acquisition.

Based on the current number of outstanding shares, the acquisition price of roughly $7.24 Australian dollars gives Tilt Renewables a market capitalisation of $2.73 billion. If all parties move forward with the deal it would mark the largest renewables deal ever in Australia and New Zealand.

What it means for other ASX listed parties

Today's news is certainly good for Infratil as well. The foreign investment company provided an update making its support for the acquisition known.

Furthermore, Infratil noted that the carrying value of its stake in Tilt was NZ$704.1 million at the end of September 2020. Hence, the sale price mentioned today represents over four times its book value.

AGL Energy Limited (ASX: AGL) also announced that it will be involved in the acquisition of Tilt due to its 20% interest in PowAR. As a result, AGL will contribute A$341 million towards funding PowAR's portion of the purchase.

The CEO of AGL, Mr Brett Redman. commented on the update:

The proposed acquisition by PowAR will provide more renewable energy options in AGL's generation portfolio, further supporting our orderly transition away from coal-fired power and responding to our customers' increasing appetite for cleaner energy

Tilting towards green

It's no secret there is a strong push for renewable energy across Australia and New Zealand. Last week's news of Victoria's Yallourn power station bringing forward its closure by four years is a sign of the times. As more legacy energy infrastructure assets falter, more renewables will be needed to meet the public's energy needs. 

Today's news demonstrates how sought-after renewable infrastructure is becoming. As Tilt Renewables mentioned, the scheme represents a 40% per annum return to any shareholder who invested in the company upon its demerger in 2016. In the past year alone, Tilt shares have been a standout on the ASX, returning 156%. 

At the time of writing, the Tilt Renewables share price is trading 15.36% higher at $7.06.

The post Why the Tilt Renewables (ASX:TLT) share price is soaring 15% today appeared first on The Motley Fool Australia.

The Tilt Renewables Ltd (ASX: TLT) share price is getting hammered today despite the company providing a positive update to the market this morning. The Tilt share price started the day well, opening 2.4% higher at $6.01.

However, at the time of writing, Tilt shares have retreated back to $5.70, down 2.9% for the day so far. The S&P/ASX 200 Index (ASX: XJO) is also having a pretty lousy day, currently down 1.25%.

Tilt Renewables is a company that operates a portfolio of renewable energy assets across Australia and New Zealand, mostly solar and wind farms.

So what did Tilt report today?

Why did the Tilt share price open higher?

The Tilt share price enjoyed a temporary boost on open as a result of an announcement the company made to the ASX this morning. In the announcement, Tilt reported that its Waipipi Wind Farm, located in South Taranaki, New Zealand, has now been completed. The 133-megawatt farm has 31 completed wind turbines. All 31 turbines are now in a position to export power to the grid.

The Waipipi Wind Farm is the company's largest asset in New Zealand. It will produce an estimated 455 gigawatt-hours of electricity on average per annum. That's enough to reportedly power 65,000 homes.

It was only back on 12 February that Tilt told the markets that the last two turbines were close to being commissioned for grid exploration, with "construction winding down".

Here's what Tilt CEO Deion Campbell had to say on that announcement:

To safely complete construction of 31 of the largest wind turbines ever installed in New Zealand very close to the original schedule is a  superb result, one not common to many large infrastructure projects and a credit to all involved in the planning and execution of the project. This is despite the site being shut down for 5 weeks due to New Zealand's COVID‐19 pandemic response.

Last month, we reported on how Tilt might be acquired by its major shareholder Infratil Ltd (ASX: IFT). That provided a major boost to the Tilt share price at the time. It seems investors have been reluctant to build on that price momentum after today's announcement.

Tilt shares are now up a healthy 54% since 4 December last year, and up by around 10% since 20 January. On the current Tilt share price, the company has a market capitalisation of around $2.21 billion.

The post Tilt Renewables (ASX:TLT) share price falls despite wind farm news appeared first on The Motley Fool Australia.

The Tilt Renewables Ltd (ASX: TLT) share price broke its all time record high today as the company announced that it had received non binding offers regarding its acquisition.

Shares in the renewable energy operator reached $6.5 earlier today, taking the company to its highest price since its listing in 2018.

Currently, the Tilt share price is trading 1.17% higher at a price of $6.07.

Why is the Tilt share price pushing higher?

In today's release, Tilt advised that it has received non binding offers to acquire the company from a number of parties. This comes after its major shareholder, Infratil Ltd (ASX: IFT), recently completed a strategic review of the company. Infratil mentioned that it welcomed the proposals to acquire the company.

Moving forward, the Tilt board will provide a number of parties access to due diligence material to enable them to prepare binding proposals. However, as yet no decision has been made in relation to Infratil's shareholding of Tilt.

Tilt advised that participation in Infratil's strategic review process is not a prerequisite to it considering any proposals.

The board also noted that this is still early in the process and there is no certainty that Tilt will receive any binding proposal or that any proposals received will be recommended by the board.

Infratil management comments

Infratil CEO Marko Bogoievski welcomed the update, saying:

We have received strong interest in Tilt in response to our strategic review announcement in December. This is the logical next step in what is a competitive process, reflecting the strong demand globally for high quality renewable platforms like Tilt.

About the Tilt share price

Tilt is an Australian and New Zealand owner and operator of wind farms and and solar infrastructure. Most of the company's assets are located in Australia south-east, which boasts the most favourable wind conditions in the country. Tilt also has operating assets located in New Zealand.

Shares in the company have performed well recently, gaining 81% in the last six months. 

The post Why the Tilt (ASX:TLT) share price just broke its record high appeared first on The Motley Fool Australia.