"It provides the revenue to underpin the project. Based on that we are now pushing on with final stages of the development process - finalising site design, pre-construction resource commitments and securing funding."
He expects to "press the green button" by the end of this year, and for building to start in 2020. The target start time for generation to begin is September 2021.
Tilt Renewables already has preferred and short-listed contractors for all the work on site. Final details will be agreed with them over the next few months, Delmarter said.
The Waverley Wind Farm will have 31 turbines, each 160m high, and generate 450-460GWh a year. The turbines will be spread across several farms on a 980ha coastal site between Pātea and Waverley.
Electricity will enter the grid at the Mangatangi substation in Waverley, and get there on 13km of 110kV line that heads around the South Taranaki town on Swinbourne and Fookes streets.
Building the wind farm has been projected to employ up to 100 people for two years, and cost as much as $40 million. After that it will provide about 10 ongoing jobs, and generate about $3.3m a year for the regional economy.
Tilt Renewables already owns two wind farms generating electricity in New Zealand, and six in Australia.